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Article: Chase Manhattan, NAREB and Fannie Mae join forces to increase minority home ownership. (about 1,500 underserved potential home buyers will benefit from arrangements with Chase Manhattan Mortgage Corp., National Association of Real Estate Brokers, and the Federal National Mortgage Assn.)(Brief Article)
- Article from:
- Jet
- Article date:
- May 19, 1997
CopyrightCOPYRIGHT 1997 Johnson Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An estimated 1,500 underserved and minority home buyers in four U.S. metropolitan areas will have access to low down payment mortgage financing as a result of a unique alliance recently announced by Chase Manhattan Mortgage Corporation, the National Association of Real Estate Brokers (NAREB) and Fannie Mae, the nation's largest source of home mortgage funds.
Fannie Mae has committed to purchase $100 million mortgage loans -- originated by Chase Manhattan in Chicago, Los Angeles, Miami and the Philadelphia/Camden area -- in an experiment that allows borrowers to put as little as 1 percent of their own funds toward the down payment for the purchase of a ...
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Article: Fannie Inks Countrywide Pact.(Fannie Mae)
National Mortgage News;
July 19, 1999 ;
700+ words
... ... originators has gone to Fannie Mae, with (as previously ... lenders still at play are Chase Manhattan Mortgage, Edison ... Jacksonville, Fla. Fannie Mae has already signed up ... Charlotte, N.C. Fannie Mae would not comment on ...
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