NY Dirt: Not just Fannie and Freddie, it’s “everyone”

It’s getting harder to find financing for rent-stabilized buildings in New York.  The City Reporter reported earlier this week that Freddie Mac is pausing loans to rent-stabilized properties while Fannie Mae is tightening its underwriting requirements for these properties in light of the rent freeze.  Bill Pulte, who heads the Federal Housing Administration, however disputed the reporting.  A spokesperson for Freddie Mac, reached by The Real Deal, denied there was any pause and said that the organization is continuing to quote and lend on rent-stabilized properties.  A spokesperson for Fannie Mae, which was not reported to be pausing loans, said […]

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