1 by the Federal Housing Finance Agency (FHFA). Investor interest in the REO-to-Rental program has been high ever since it was announced Feb. “It would facilitate greater investment in the single-family market and help provide stabilization.” “We are working very hard on trying to develop a multifamily mortgage product to serve the needs of large investors in single-family properties,” says David Brickman, senior vice president of multifamily at McLean, Va.–based Freddie Mac. But the product would be the first scattered-site commercial mortgage product that Freddie Mac has ever offered-and would be a boon to a still struggling for-sale market. Since the program is still in its early stages-and subject to conservator approval-many details haven’t been fleshed out. Freddie Mac has started working on a new, “multisite” multifamily loan product, fresh on the heels of the federal REO-to-Rental program rollout.
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