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.
Report: Biden administration to ease federal marijuana restrictions
The Biden administration will soon propose easing federal restrictions on cannabis by reclassifying the drug for the first time in...