Source: Housing Wire —
Amid protests set off by George Floyd’s death, Fannie Mae’s CEO issued a public statement about its commitment to racial equity.
“Fannie Mae understands the story of housing in America includes a history of systemic racism,” CEO Hugh Frater wrote in June 2020. “Our role in housing finance brings important responsibilities.”
Lisa Rice, president of the National Fair Housing Alliance, saw the statement and reached out to Frater to remind him of a related issue: a lawsuit the fair housing outfit had filed against Fannie Mae in 2016. It alleged the government-sponsored enterprise didn’t maintain foreclosed properties in communities of color as well as it did in white neighborhoods.