The Federal Housing Finance Agency announced today that it will maintain Fannie Mae and Freddie Mac’s caps for multifamily lending at the current level of $35 billion for each GSE. The determination was based on FHFA’s projection that the 2019 multifamily finance market will remain on par with 2018. Multifamily loans in designated affordable and underserved segments will remain excluded from the caps, and FHFA will review the caps on a quarterly basis.
ABA Data Bank: Yen falls to lowest level in three decades
The Japanese Yen briefly weakened to 160 intra-day against the U.S. Dollar on Monday, it's lowest level since April 1990.