Fannie Mae and Freddie Mac, the two federally backed home mortgage companies, are implementing a three-year strategy to ease inequities in home ownership.

Mortgage, home loans could be easier with Fannie Mae, Freddie Mac plan

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 …

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