Rafael Cestero

Stories

Fannie Mae and Freddie Mac tighten mortgage rules for New York City rent-regulated buildings

Leading nonprofit lender

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.

Updated 1 hour ago