Fannie & Freddie Rentals

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The Kiplinger Letter reports that Fannie Mae and Freddie Mac are pushing further into rental properties.  The two government-sponsored firms buy mortgages from private lenders and package them into securities.  Traditionally, they have bought home mortgages, but the duo now holds 38% of mortgages on apartments, up from 22% in 2006.

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Freddie-Mac-Logo-Parker-Associates-blog-may-2018

The two firms want to boost financing for affordable rental housing.  Freddie Mac, for instance, just announced a plan to make low-cost loans to owners of rental properties in exchange for pledges to keep rents low for the long term.

Note that Fannie and Freddie are also expanding into single-family rentals owned by large institutional investors, such as Invitation Homes and CoreVest.  In the past, they focused on apartments and small portfolios of single-family rentals.

Parker Associates and PTC Computer Solutions are experts in helping with Financial Models and the Sales Process as well as Coaching the Sales Team with Sales & Marketing.  If you need some assistance and guidance, contact us to set up a personal meeting.  We’re happy to discuss your personal situation and offer some ideas on how you can better handle Sales.

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