Source: Housing Wire —
Fannie Mae recently released its National Housing Survey, which revealed that consumers, in general, still believe that owning a home is better than renting. HousingWire Content Solutions Managing Maleesa Smith and Katrina Jones, Fannie Mae’s vice president of Racial Equity, Strategy and Impact, recently sat down to discuss the challenges facing homebuyers today and what Fannie Mae is doing to create new opportunities for homeownership.
“Unfortunately, almost half of the general population, especially first-time homebuyers, believe it would be difficult to get a mortgage, citing that the home buying process is complex to overwhelming and they just lack a clear understanding of how to even get started,” Jones said. “For many of these families, they also have a higher misperception of what it takes to be mortgage ready.”
