Some multifamily staff could be affected by GSE conservatorship

The multifamily market could be hurt by conservatorship.

A member of the Federal Housing Finance Agency recently warned that a lengthy conservatorship for government sponsored enterprises Freddie Mac and Fannie Mae could hurt their multifamily staffs, according to HousingWire.

Christopher Tawa, the multifamily housing policy manager at the FHFA, noted that if there is no resolution to a conservatorship, there could be significant issues that affect many property management companies.

If there is no end to the conservatorship, it could hurt the multifamily industry, the news source noted. This is due to the staff – who are well-versed in the history of the country's multifamily market – continuing to be in danger of losing their positions.

"It's really noticeable how the multifamily staff at Fannie Mae and Freddie Mac have been very stable," Tawa told the news source. "You've had executive leadership changes, but at the staff level there are a lot of folks who have remained because of pride of ownership in the business."

Tawa said that at the present time, the FHFA does not have a specific goal in mind when it comes to how much either GSE should control when it comes to the multifamily housing market, the news source added.

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