Gordon L. Gerson was among 300 lenders and attorneys invited to Washington, DC to attend Freddie Mac’s Sellers/Servicer Conference on September 24-25. Although the conference took place during the week of the first vote on the government’s $700 billion bailout, the conference was decidedly update upon the lending programs of Freddie Mac for the remainder of 2008 and 2009. A message was clearly conveyed by David Moffet, conservator for Freddie Mac, that the conservatorship of Freddie Mac will not result in a decline of its commitment and funding of multifamily finance. Mr. Moffet’s comments would appear (although were not stated to be) equally applicable to Fannie Mae. For a more complete article on the conference and Freddie Mac’s commitment to growth.
Freddie Mac Mulitifamily Finance Moving Forward/Upward
September 1, 2008
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