Enterprise Named Freddie Mac Targeted Affordable Housing Lender
February 10, 2011
Columbia, Md.--Freddie Mac has given Enterprise approval to originate affordable multifamily loans nationally on its behalf.
Columbia, Md.–Freddie Mac has given Enterprise Community Investment, Inc. approval to originate affordable multifamily loans nationally on its behalf. Enterprise’s platform already includes capacity to sell and service loans for Fannie Mae and FHA. Enterprise is among a handful of lenders approved to sell and service targeted affordable housing loans nationwide to low- and very-low income individuals whose incomes are at or below 80 percent or 60 percent of the area median income, respectively.