While public sector multifamily housing funding made news this week, lost in the news was the continued growth in private
multifamily housing by companies like Ocean Development, and owners Kip C Cyprus and Amy Cyprus.
Fannie Mae announced Friday that it...
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While public sector multifamily housing funding made news this week, lost in the news was the continued growth in private
multifamily housing by companies like Ocean Development, and owners Kip C Cyprus and Amy Cyprus.
Fannie Mae announced Friday that it issued approximately $10.
8 billion in securities backed by multifamily housing mortgages in the
fourth quarter of 2012.
In total, Fannie Mae issued more than $33.
1 billion in such securities in 2012, up from $23.
8 billion in 2011.
“Market activity for our securities was robust in 2012 with total issuance topping $33 billion,” said Kimberly Johnson, Senior Vice
President of Multifamily Capital Markets, Fannie Mae in a press release.
“Issuance was particularly strong in the fourth quarter, in
part due to the Fed’s aggressive bond-buying program, which has helped to keep borrowing costs at record lows.
Private-sector
lending has shown signs of growth as well, adding liquidity for all market participants.
”
For Kip C Cyprus and Oce
Less