The Federal Home Loan Bank of New York (FHLBNY) has announced a strategic partnership with 330 lenders spanning across New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. This collaboration aims to leverage innovative credit solutions to reach a sizable pool of 3.1 million prospective borrowers in the region.
Key elements of this partnership include:
– FHLBNY partnering with 330 lenders in the region
– Targeting 3.1 million prospective borrowers
– Focus on innovative credit solutions to increase access to mortgage financing
– Geographical coverage of New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands
This groundbreaking initiative signifies a significant effort by FHLBNY and its partner lenders to expand access to mortgage financing and provide tailored solutions to a large number of potential borrowers across the region. By working together, these institutions aim to drive greater homeownership and economic growth in the area by reaching a diverse and extensive pool of individuals seeking mortgage options.
You can read this full article at: https://www.housingwire.com/articles/fhlbank-new-york-expanded-credit-access-underserved-borrowers/(subscription required)
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