The Federal Housing Finance Agency announced today that it has raised Fannie Mae and Freddie Mac’s 2016 caps for multifamily lending from $31 billion to $35 billion. The agency based its decision on increased estimates of the size of the U.S. multifamily market. Multifamily loans in designated affordable and underserved segments will remain excluded from the caps.
ABA Data Bank: Car insurance prices hitting the gas
The cost of auto insurance rose more than 22% year-over-year in March, the largest annual jump since 1976.