On November 7, the FHFA announced partnerships with both Fannie Mae and Freddie Mac to boost programs that expand housing access for tribal communities. The collaboration involved the FHLBank of Des Moines promoting Freddie Mac’s HeritageOne mortgage product (a product designed to meet the borrowing needs of federally-recognized Native American tribes living on tribal lands) and Fannie Mae purchasing loans through the FHLBank Mortgage Partnership Finance (MPF) program, which allows loans made to Native Americans and secured by tribal trust lands to be sold under the Native American Conventional Lending Initiative. These initiatives aim to improve credit access and mortgage liquidity for Natives.
