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Article: More Home Loans for Native Americans
- Article from:
- The Washington Post
- Article date:
- December 26, 1998
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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It was good to see attention given to the housing problems on
Native American trust lands {"On Indian Reservations, Little Hope for
Home Loans," news story, Nov. 25}. However, the article focused on
the difficulties in lending on Indian reservations. From our
perspective, as the nation's leading investor in mortgage loans for
Native Americans, we see much progress.
During the past few years, mortgage options available to Native
Americans have increased significantly. Lenders can originate
conventional loans to Native Americans for sale or securitization
through Fannie Mae in addition to government-guaranteed loans. The
government programs have been modified to be more attractive to
tribes, ...