Business and Personal Finance Dictionary

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• FANNIE MAE'S COMMUNITY HOME BUYER'S PROGRAM
  
  An income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home. Borrowers who participate in this model are required to attend pre-purchase home-buyer education sessions.
  
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