Multifamily purchase volume continued to surge for the GSEs in the second quarter. But as the mortgage giants maintain their large footprint in the multifamily market, some industry observers allege mission creep. During the second quarter, Fannie Mae provided $14.5 billion in multifamily financing, up from $11.3 billion in the first quarter of 2018. Freddie Mac also increased its volume in the second quarter and provided $15.8 billion in multifamily credit, up from $13.0 billion in the first quarter. Second-quarter numbers are a good indicator that even at the midway point in 2018, the GSEs are on track to meet or surpass last year’s financing volume.