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Fannie Mae housing equity plan won’t expand credit box

Can Fannie Mae’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can.

“The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact. “Our plan is a good roadmap of where we, Fannie Mae, can start to knock down those barriers.”

Notably, decision-makers at Fannie Mae believe they can effect change without expanding eligibility criteria. details ⇒

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