Competition Cuts into Fannie Mae’s Business

Competition Cuts into Fannie Mae’s Business

Fannie Mae and Freddie Mac lenders are fighting hard to compete with banks to make loans on apartment properties.

“We absolutely see the competition from banks continuing and heating up,” says Hilary Provinse, Fannie Mae’s vice president for multifamily customer engagement.

Banks are willing to make permanent loans to apartment properties at rock bottom interest rates.

To compete, Fannie Mae and Freddie Mac lenders are offering the lo

Register to view the full article

This article is part of our premium content subscription. You need to subscribe to gain access to premium content.

Why Register for NREIonline? It's simple and free, and here is what you get:

• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish