The Government-Sponsored Enterprises (GSE) have taken a significant step to improve and strengthen the best efforts commitments on the HomeReady program. This move is aimed at enhancing accessibility to affordable housing for low-to-moderate income borrowers. The GSE has recognized the significance of HomeReady and its impact on creating homeownership opportunities for marginalized communities, and thus, they have made focused efforts to refine and expand its reach.
Key highlights from the text:
– GSE enhances best efforts commitments on HomeReady program.
– Focus on improving accessibility to affordable housing for low-to-moderate income borrowers.
– HomeReady program plays a vital role in creating homeownership opportunities for marginalized communities.
– Efforts to refine and expand the program’s reach in order to have a more significant impact.
You can read this full article at: https://www.housingwire.com/articles/fannie-mae-updates-homeready-provides-temporary-2500-credit/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.