Pursuits
Fannie-Freddie Regulator Said to Plan Easing Some Limits
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The regulator of Freddie Mac and Fannie Mae plans to ease annual restrictions on their apartment mortgage business to prevent a lending slowdown, according to two people familiar with the matter.
The government-controlled companies, which buy and guarantee mortgages, are on track to reach a $30 billion annual cap in their multifamily business in the third quarter. The Federal Housing Finance Agency intends to tell the companies this week how it will loosen the limits that it had set in January, the people said.