By Ely Razin , CONTRIBUTOR

CMBS loans for multifamily properties have increasingly been going to Fannie Mae and Freddie Mac in the decade since the global financial crisis, we found in a recent analysis of the commercial mortgage-backed securities market. At the same time, the rumblings of change are making themselves heard in the distance. If the latest efforts to overhaul the U.S. housing finance system don't fall by the wayside the way previous attempts did, such changes – especially coming as Fannie and Freddie are on the rise – could have broad implications for the securities market as well as lenders, taxpayers, multifamily lending and the housing finance system.

(Full disclosure: Some of the companies mentioned in this article are CrediFi clients.)

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