That means buyers canput down just 5% on duplexes, triplexes, and fourplexes, with purchase prices up to $1,396,800. To meet the homeownership requirement, you must live in one of the units for at least one year. After that, you can move out and keep the property as an income prope...
Fannie Mae, the Federal National Mortgage Association (FNMA), is agovernment-sponsored enterprise(GSE) chartered by Congress to stimulate homeownership and provide liquidity to the mortgage market.1Established in 1938 during theGreat Depressionas part of theNew Deal, Fannie Mae helps low- to moderate...
Reports on the partnership between the National Association for the Advancement of Colored People (NAACP) and the Federal National Mortgage Association to provide homeownership opportunities to minority families. Establishment of Community Development Resource Centers (CDRC); Praise for the CDRCs from ...
Fannie Mae offers flexible options to help encourage homeownership, including the ability to finance up to 97% of the home's purchase price. Also, foreclosure prevention and loan modification are available for Fannie Mae loans to those struggling to make their mortgage payments.5 The Bottom Line ...
for failure to promote homeownership in low-income neighborhoods. Nature of the firms' business; Reaction from the firms' spokesperson; Key findings of the study; Implications of the findings.BartaPatrickEBSCO_bspWall Street Journal Eastern Edition...
Fannie Mae announces a $2 trillion commitment to more homeownership; Minorities, women targeted for help.(BUSINESS)Gendler, Neal
NAACP, Fannie Mae Announce Homeownership AllianceMinority families in many cities can look forward to new opportunities for homeownership, thanks to a new partnership between Fannie Mae and the National Association for the Advancement of Colored People (NAACP).Imgrund, Jill...
OPTIMISM AMONG BLACKS, HISPANICS ABOUT PROSPECTS FOR HOMEOWNERSHIP PREDICTS HIGHER MINORITY HOMEOWNERSHIP RATE, FANNIE MAE FOUNDATION SURVEYINDSTRY GROUP
Driven by demographic and social shifts including changes in the age distribution of the population, longer educational careers,delayed marriage and childbearing, and rising minority population shares, the number of young homeowners has been in decline for decades, with the exception of a growth spurt...
What Is Fannie Mae? In the early 20th century, homeownership was out of reach for most people in the U.S.. Unless you could pay cash for an entire home (which few people could), you were looking at a prohibitively large down payment and a short-term loan, culminating in a bigballoon...