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Article: Freddie Mac and National Council of La Raza Launch Program to Increase Hispanic Homeownership; 'En Su Casa' to Link Hispanic Families to Homeownership Counseling And Flexible Mortgages; Freddie Mac to Purchase $200 Million in Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- July 23, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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MIAMI -- Freddie Mac, the National Council of La Raza (NCLR), Bank of America, Wells Fargo Home Mortgage, and U.S. Bank Home Mortgage launched today En Su Casa -- a $200 million program combining innovative technology, homeownership counseling and flexible mortgages to enable more Hispanic families to own homes.
"President Bush set a bold goal of creating 5.5 million new minority homeowners by 2010," said HUD Secretary Mel Martinez. "I commend the public, private, and nonprofit sectors for working together to help more families achieve the American dream of homeownership."
In response to the Bush Administration's call to expand minority homeownership, ...