Cyndi Danko, SVP, Chief Credit Officer Single-Family at Fannie Mae, discusses how rent payment history is helping more people get a mortgage, including people of color.
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GSEs Work to Assist Underserved Markets
On Monday, Fannie Mae and Freddie Mac released their proposed Duty to Serve (DTS) plans. The purpose of the plan is to better serve some persistent affordable housing problems in the U.S. DTS is a Federal Housing Finance Agency plan which requires Fannie and Freddie to increase the availability of mortgage financing in rural housing, manufactured housing, and affordable housing preservation in order to serve very low- to moderate-income families.
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