The maximum #size of #home #mortgage loans eligible for backing by #FannieMae and #FreddieMac will rise to $1,089,300 next year in a few expensive markets, such as San Francisco and Washington, D.C., from $970,800 this year, the Federal Housing Finance Agency said Tuesday.

https://www.wsj.com/articles/u-s-government-to-backstop-mortgages-above-1-million-mark-for-first-time-11669740331

Belated #introduction. I grew up in #LaCrosse #Wisconsin. Ph.D. in #Economics at the University of Wisconsin, with an emphasis on #InternationalTrade. Serendipitously moved to #Real Estate and #Urban. Faculty at Wisconsin, George Washington, and #USC. Stints at #FreddieMac and #HUD. Married to a geriatrics physician at UCLA. Two daughters: one produces podcasts for #Marketplace, and the other is a coder/artist who teaches at #UIC. I love music, esp. #classical and #jazz. Decent #bartender.

FHFA Announces 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac

“The FHFA announced today that the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each Enterprise, for a combined total of $150 billion to support the multifamily market. The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023.”

#RealEstate #CRE #Multifamily #FHFA #FannieMae #FreddieMac

https://www.fhfa.gov//Media/PublicAffairs/Pages/FHFA-Announces-2023-Multifamily-Loan-Purchase-Caps-for-Fannie-Mae-and-Freddie-Mac.aspx