What is Fannie Mae's "Duty to Serve" Initiative?

Doublewide Dudes

We sat down with Ben Navarro this week to discuss Fannie Mae's "Duty to Serve"
initiative which is how Fannie Mae is fulfilling Congress's mandate for Fannie Mae to
participate in helping three underserved markets.
Supporting these three markets should help create the availability of more
affordable housing without government subsidies. As you listen to the podcast, you
can learn how sustainable affordable housing availability can be affected by many
things, things as simple as standards written for lenders for particular loan types.
Ben Navarro manages Fannie Mae's activities related to their single-family
manufactured housing "Duty to Serve" plan.
Ben received his undergraduate degree from the University of Virginia and a Master
of Public Policy from Georgetown. He has been in the financial services industry since
2006, working for various organizations including Capital One and the FDIC.
Ben has been in his current role at Fannie Mae since 2018, working on things like
the launch of the MH Advantage loan product, and the modification of several of
Fannie Mae's manufactured home (MH) policies along with the necessary research and
outreach about Fannie Mae’s programs for manufactured homes.
Helpful Links:
Find out more information about Fannie Mae's "Duty to Serve": https://www.fanniemae.com/about-us/what-we-do/homeownership/duty-serve
Find out more information about Fannie Mae's appraisal guidelines for MH Advantage qualified homes here: https://singlefamily.fanniemae.com/originating-underwriting/appraisers/appraising-manufactured-homes
Find more information about titling manufactured homes as "real property" here: https://singlefamily.fanniemae.com/originating-underwriting/titling-manufactured-homes-real-property