Fannie Mae (OTCQB: FNMA) has unveiled HomeView en Español, a Spanish-language digital consumer education platform providing prospective Hispanic homebuyers with 24/7 end-to-end access to information about financial literacy and homeownership.
HomeView en Español features a new in-language credit education course with content tailored to help Latino consumers effectively build and manage their credit – a critical component to access the traditional homebuying process. An interactive educational course, incorporating short quizzes and audio clips to increase information retention and support all kinds of learners. The new program is free and can be accessed across desktop, mobile and tablet.
To address upfront housing costs, another housing obstacle that disproportionately impacts Hispanic renters and first-time homebuyers, Fannie Mae expanded access to its Special Purpose Credit Program (SPCP) pilot, which now can provide down-payment assistance to eligible first-time homebuyers living in majority-Hispanic communities located in Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia. Fannie Mae plans to further expand the program to additional cities early next year.
“We’re committed to a future where everyone has fair access to sustainable housing,” said Fannie Mae CEO Priscilla Almodovar.