RCA in the commercial property press:

No Clarity on Fannie Mae and Freddie Mac's Future

The Commercial Observer reports: The administration's plan for overhauling Fannie Mae and Freddie Mac was widely anticipated as part of or alongside this February's budget proposal for the upcoming fiscal year. On account of myriad other issues, including a robust healthcare debate, a formal strategy has been delayed until next year. Given the continuing fragility of the housing market, it is not unreasonable that the administration wants to proceed deliberately in charting the enterprises' futures.

Dr. Sam Chandan, RCA’s Global Chief Economist, explains that any changes to the agencies’ structure, or a decision to maintain the status quo over the long term, will have fundamental implications for the nation's economy and housing markets, as well as for apartment investors’ access to financing.

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Posted by: Matthew Stone

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