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Home » Store » News » Fannie Mae Boosts Financing to Minorities in 2002, Purchase of Loans to Low-Mod Families Flattens

Fannie Mae Boosts Financing to Minorities in 2002, Purchase of Loans to Low-Mod Families Flattens

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Fannie Mae increased its minority business in 2002 by more than half and exceeded the housing goals established by the Department of Housing and Urban Development for the company and its rival, Freddie Mac. For the first time in recent years, however, the company’s financing of mortgage loans to low- and moderate-income households remained flat.
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