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In an effort to reinvigorate African-American homeowners' hopes, the Federal National Mortgage Association (Fannie Mae) announced that it is providing $1 trillion in financing to assist approximately 10 million low- to moderate-income families purchasing homes by the year 2000. nbsp;are mortgages that, once approved and funded by banks, may then be purchased by either of the nation's two federally chartered mortgage corporations, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. |
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Federal National Mortgage Association (Fannie Mae)
