Fannie to Expand MF Investments

Fannie Mae has announced that it will expand liquidity, stability, and affordability in the multifamily market by boosting its investments in key segments of the market. The government-sponsored enterprise said it is increasing its commitment to buy small multifamily loans of up to $3 million ($5 million in certain markets) and plans to boost its participation in the seniors housing market as well. "Affordable rental housing is increasingly needed during this housing and mortgage market downturn," said Phil Weber, senior vice president of multifamily at Fannie Mae. "Fannie Mae is increasing our product offerings to provide additional liquidity to meet the changing market needs." Fannie Mae can be found on the Web at http://www.fanniemae.com.