Dec
17

Freddie’s Mike May: 2010 Will Be a Tough Year for Multifamily Sector

By
– Multifamily Executive

It’s been a turbulent year for the multifamily industry, but not nearly as turbulent as it could’ve been.

Thanks to Freddie Mac and Fannie Mae, the multifamily industry was able to stave off the kind of collapses seen in other commercial real estate sectors. The companies comprised about 80 percent of all multifamily business over the past year, helping to keep values relatively stable by providing liquidity.

For its part, Freddie Mac has navigated the year well, keeping its delinquency rate at the lowest in the industry while churning out new business.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://multifamilyexecutive.com/debt/freddies-mike-may-2010-will-be-a-tough-year.aspx
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