Fed’s Rosengren Warns GSE Reform Could Threaten Property MarketBy
Says GSEs hold or guarantee 44 percent of multifamily loans
Reducing GSE holdings could leave ‘significant imprint’
Plans by Republican lawmakers and the Trump administration to reform government-backed mortgage companies could lead to a “significant shock” to the market for multi-family commercial real estate, said Federal Reserve Bank of Boston President Eric Rosengren.
“Policy makers looking to reform the GSEs might look at the GSEs’ large and growing footprint in the market and ask whether this level of government-sponsored exposure is safe, and whether that level of government support is appropriate,” Rosengren told a conference Tuesday at New York University’s Stern School of Business, referring to government-sponsored enterprises, which include Fannie Mae and Freddie Mac…
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