How does Fannie Mae support affordable housing initiatives?
Asked a year ago
Fannie Mae supports affordable housing initiatives by providing liquidity to the mortgage market, increasing access to funding for low and moderate-income borrowers. They do this by purchasing and securitizing mortgage loans made by lenders to these borrowers, allowing lenders to extend credit to more potential homeowners. Fannie Mae also offers flexible mortgage products and educational resources to help increase homeownership opportunities for underserved communities. Additionally, they partner with nonprofit organizations to create and preserve affordable rental housing units. Through these efforts, Fannie Mae strives to promote sustainable homeownership and rental housing options for individuals and families with limited financial means.
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