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Appears in 1 story · Last updated Nov 2, 2026
Reducing lending for affordable projects
Landlords of New York City's rent-regulated buildings are finding it nearly impossible to refinance their mortgages. Fannie Mae and Freddie Mac, the two government-backed lenders that dominate the market, have tightened underwriting standards or paused new loans since Mayor Zohran Mamdani's rent freeze took effect in June.
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