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Fannie Mae and Freddie Mac take steps to make it easier to buy a home
June 10, 2022 /
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Key Points:
- In a historic move, Fannie Mae and Freddie Mac announced changes to battle systemic racism that has blocked people of color from homeownership.
- Fannie Mae and Freddie Mac are rolling out a credit reporting system that factors in paying rent into creditworthiness score.
- Other measures include down payment assistance, improved underwriting guidelines, reserve funding for emergencies and lowering mortgage insurance premiums.
Romina Ruiz-Goiriena
USA TODAY
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Posted in: Housing, Government News & Events
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