Multifamily Fannie Mae impact unknown

Reading over several articles this weekend and this morning, one item stuck out clearly for me.

The GOOD news is every American taxpayer is now a real estate investor who owns trillions of dollars worth of real estate mortgages.

The BAD news is every American taxpayer is now a real estate investor who owes trillions of dollars in mortgage debt.

The news that Fannie and Freddie Mac were place in a conservatorship was good news for the market. The term beats the heck out of calling it a bankruptcy. The Feds can go in almost any direction in making this new company profitable.

How this decision will impact the Fannie Mae Multifamily financing and ultimately sales is unknown at this time. Although statements issued by the Feds indicated business as usual, we will have to wait and see. Calls and emails to several banks confirmed that no one knows much at this point.

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