article Obtaining a mortgage has become much easier due to lower credit scores, new products and an increased focus on technology. (iStock) The past year brought many hardships to the housing market as home prices skyrocketed and inventory was hard to come by. Getting a mortgage – even for a first-time homebuyer – was not
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In a historic move, Fannie Mae and Freddie Mac announced changes to battle systemic racism that has blocked people of color from homeownership. Fannie Mae and Freddie Mac are rolling out a credit reporting system that factors in paying rent into creditworthiness score. Other measures include down payment assistance, improved underwriting guidelines, reserve funding for emergencies and