Newmark’s Post

Name: Newmark and Fannie Mae's 2024 success: Perspectives | Newmark posted on the topic | LinkedIn
Uploaded: 2024-09-13T21:45:13.562Z
Duration: 2 min 8 s
Channel: Newmark

Newmark

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Earlier this year, Sharon Karaffa, President of Multifamily Debt & Structured Finance at Newmark, and Michele Evans, Head of Multifamily – Executive Vice President at Fannie Mae, connected to discuss Fannie Mae's focus on liquidity, maintaining high underwriting standards, property conditions and the critical role of their partnership with Newmark. Evans highlights resiliency as key to Fannie Mae’s 2024 success, building on progress made in 2023. In our latest Perspectives blog post, take a look back at what Newmark multifamily capital market experts and others expected from 2024 and what lies ahead in 2025. Read it now. ➡ https://nmrk.re/3ZsNQoV #multifamily #multifamilycapitalmarkets #capitalmarkets #Newmark #NewmarkPerspectives

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Over the last few years, Fannie's been very focused on mission, business, workforce, housing meeting or maybe even exceeding your affordability goals. Sure. What are your priorities? So I think the number one thing we always say is obviously being in a market and providing liquidity. I, I think that's when, when you think about Fannie Mae and what we're trying to do, we are the clearly the counter. Michael Gold stabilizer in that regard, but we can't do that by ourselves. And so we really need partnerships with Newmark to really kind of allow us to do what we have to do in order in order to being able to deliver on the liquidity component. And so, you know, as it relates to mission and affordability and housing goals and all of those things and scorecards, those are things that we think about every single day. That's kind of in our DNA. We have to do that business in order to do that business. It allows us to do maybe some of those other pockets of the market. That are not being as well served and in in in this space, I think, but we want to make sure that the deals are being underwritten in the best possible way. So that is something that's, you know, we're very top of mind for us is that we continue to hold our credit standards. We are absolutely paying very close attention to property conditions of property condition is another place where we think we need to make sure that the assets are being well maintained. And then even during this, I think I just would end it with, you know, in this kind of environment when you saw where we were in 23. We are a much stronger platform today than we were at the beginning of the year relative to all the enhancements that we're making. We're going to continue to lean in and that area. We want to make sure that we're getting as much data as we can to make the best credit decisions. And then #2 we want to make sure that we're efficient and we're fast. So we understand what the markets asking of us and we need to make sure that we're partnering really closely with Newmark to kind of deliver on all of those things.

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