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Freddie to expand affordable housing options

Mortgage financing giant Freddie Mac announced a new plan to tackle the affordable housing crisis by financing more rural and manufactured housing and preserving more affordable housing for home buyers and renters across the country. Its “Duty to Serve” plan will include increasing loan purchases in such underserved markets. 

Freddie says it will team with the mortgage industry, community nonprofits, organizations, and government officials to expand its products and consumer education to provide more aid to very low, low, and moderate-income households.

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