“The FHFA Scorecard established a cap of $75 billion each for Fannie and Freddie, which will likely be a higher volume level than either agency achieves,” says Ted Patch, Bethesda, Md.-based executive vice president and group head of the multifamily finance group at Walker & Dunlop. “We anticipate that both agencies will be about $70 billion each for 2022; however, we won’t know until the final year-end numbers are published” in January.