Fannie Mae and Freddie Mac have seen their combined share of multifamily lending decrease this year to 44% – down from 52% in each of the preceding three years, according to analysis of data by Fannie Mae.

Other lenders, most notably U.S. banks, financial services companies, international banks and life insurers, all increased their multifamily lending activity during the first six months of 2016.

While Fannie and Freddie combined still account…