10/14/2004 Issue

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TOP STORY: Beyond Fannie Mae Scandal, CMBS Issue Looms
By Bennett Voyles

Recent allegations of accounting irregularities at Fannie Mae, as related in the Office of Federal Housing Enterprise Oversight’s scathing report last week, may be making the headlines. But the CMBS world appears more concerned about an entirely unrelated event: the impact of a proposed government mandate that would require Fannie and Freddie Mac to make more loans for affordable housing, which could affect multifamily vacancies and CMBS buyer dynamics.


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