As more housing and mortgage authorities seek to expand the scope of homeownership to those who have never purchased a home before, the government-sponsored enterprises (GSEs) and the Federal Housing Finance Agency (FHFA) are taking a step to more narrowly define the term “first-generation homebuyer mortgage,” according to a bulletin released on Wednesday by Freddie Mac.

“Intergenerational wealth refers to the financial assets passed by one generation of a family to another. Wealth disparities among historically underserved consumers are often linked to the absence or interruption details ⇒

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