Rafael Cestero

Stories

Fannie Mae and Freddie Mac tighten mortgage rules for New York City rent-regulated buildings

Leading nonprofit lender

A Nov. 2 report said Fannie Mae tightened underwriting for New York City rent-regulated apartment buildings and Freddie Mac paused new loans. The report said Fannie assumed rents would stay flat for four to eight years and operating costs would rise at least 5% a year.

Updated 3 days ago