The top five Freddie Mac multifamily lenders remained stable year-to-year, in contrast to the shakeup in competitor Fannie Mae's rankings.

While CBRE Capital Markets retained its place as the No. 1 Freddie Mac multifamily lender and there was no movement among the rest of the top five, there were some minor shifts among lenders in the back half of the top 10.

Wells Fargo, which shifted more of its volume to Freddie in 2017, moved up to No. 6 from No. 8. KeyBank, ranked No. 6 in 2016, dropped to No. 8. Greystone Servicing Corp. moved up one notch to No. 9, displacing NorthMarq Capital, which is no longer ranked in the top 10.

Freddie Mac's multifamily rankings

"We financed more rental properties serving low-income and working families than ever before, set records across many of our products — including small-balance loans, targeted affordable housing and Green Advantage — and once again led the nation as the top multifamily financier," said David Brickman, executive vice president and head of Freddie Mac's multifamily division, in a press release.

While Fannie Mae is the largest government-sponsored enterprise in the single-family mortgage business, Freddie Mac is more active in the multifamily market.

Freddie financed approximately 820,000 rental units and its multifamily volume in 2017 totaled more than $73 billion as compared to almost $57 billion in 2016.

Fannie Mae's annual volume was $67 billion in 2017, when it financed more than 750,000 units of multifamily housing.

Annual volume set records at both agencies last year.

Multifamily housing starts forecasts suggest growth could moderate in 2018.

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