Article: Chase Manhattan, NAREB and Fannie Mae Join Forces: Goal is to


Los Angeles Sentinel
05-14-1997
Chase Manhattan, NAREB and Fannie Mae Join Forces: Goal is to Increase Home Ownership in Low-Income, Underserved and Minority Communities

WASHINGTON--Approximately 1,500 underserved and minority home buyers in four metropolitan areas will have access to low down payment mortgage financing as a result of a unique alliance announced between Chase Manhattan Mortgage Corporation, the National Association of Real Estate Brokers and Fannie Mae, the nation's largest source of home mortgage funds.

Fannie Mae has committed to purchase $100 million of mortgage loans--originated by Chase Manhattan in Chicago, Los Angeles, Miami and the Philadelphia/Camden area--in an ...

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