Fannie Mae Approves the MPF® Program to Expand Native American Lending on Tribal Trust Lands
Fannie Mae has approved the Mortgage Partnership Finance® (MPF®) Program to sell loans to Native Americans secured by tribal trust lands under its Native American Conventional Lending Initiative (NACLI). The program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, will enable MPF Program Participating Financial Institutions serving tribal communities to offer conventional loans on tribal trust lands. This initiative expands financing options for Native American borrowers, complementing existing HUD Section 184 Indian Home Loan Guarantee Program loans. NACLI, established in 1996, was the first program to offer conventional loans on tribal trust lands.
Fannie Mae ha approvato il Mortgage Partnership Finance® (MPF®) Program per vendere prestiti agli indigeni americani garantiti da terre di fiducia tribali, nell'ambito della sua Native American Conventional Lending Initiative (NACLI). Il programma, gestito dalla Federal Home Loan Bank di Chicago per conto di sei Federal Home Loan Banks, consentirà alle istituzioni finanziarie partecipanti al programma MPF che servono le comunità tribali di offrire prestiti convenzionali su terre di fiducia tribali. Questa iniziativa amplia le opzioni di finanziamento per i mutuatari nativi americani, complementando i prestiti esistenti del programma di garanzia di prestiti per la casa degli indiani della sezione HUD 184. La NACLI, istituita nel 1996, è stato il primo programma a offrire prestiti convenzionali su terre di fiducia tribali.
Fannie Mae ha aprobado el Mortgage Partnership Finance® (MPF®) Program para vender préstamos a nativos americanos garantizados por tierras en fideicomiso tribal bajo su Native American Conventional Lending Initiative (NACLI). El programa, administrado por la Federal Home Loan Bank de Chicago en nombre de seis Federal Home Loan Banks, permitirá a las instituciones financieras participantes del programa MPF que atienden a las comunidades tribales ofrecer préstamos convencionales sobre tierras en fideicomiso tribal. Esta iniciativa amplía las opciones de financiamiento para los prestatarios nativos americanos, complementando los préstamos existentes del Programa de Garantía de Préstamos para Vivienda India de la Sección HUD 184. NACLI, establecida en 1996, fue el primer programa en ofrecer préstamos convencionales sobre tierras en fideicomiso tribal.
팬니 메이는 모기지 파트너십 파이낸스® (MPF®) 프로그램을 승인하여 부족 신탁 토지에 담보된 대출을 판매하기 위한 원주민 미국인 전통 대출 이니셔티브 (NACLI)를 실행하고 있습니다. 이 프로그램은 시카고에 있는 연방 주택 대출 은행이 여섯 개의 연방 주택 대출 은행을 대신하여 관리하며, 부족 공동체를 위한 MPF 프로그램 참가 금융 기관이 부족 신탁 토지에서 전통 대출을 제공할 수 있도록 합니다. 이 이니셔티브는 기존의 HUD 184 인디언 주택 대출 보증 프로그램 대출을 보완하며 원주민 대출자의 금융 옵션을 확장합니다. 1996년에 설립된 NACLI는 부족 신탁 토지에서 전통 대출을 제공한 최초의 프로그램입니다.
Fannie Mae a approuvé le Mortgage Partnership Finance® (MPF®) Program pour vendre des prêts aux Amérindiens garantis par des terres tribales en fiducie dans le cadre de son initiative Native American Conventional Lending Initiative (NACLI). Le programme, administré par la Federal Home Loan Bank de Chicago au nom de six Federal Home Loan Banks, permettra aux institutions financières participantes du programme MPF desservant les communautés tribales d'offrir des prêts conventionnels sur des terres tribales en fiducie. Cette initiative élargit les options de financement pour les emprunteurs amérindiens, complétant les prêts existants du programme de garantie de prêt pour maison des Indiens de la section HUD 184. La NACLI, établie en 1996, a été le premier programme à offrir des prêts conventionnels sur des terres tribales en fiducie.
Fannie Mae hat das Mortgage Partnership Finance® (MPF®) Programm genehmigt, um Kredite an Ureinwohnern Amerikas bereitzustellen, die durch Stammesvertrauenlandschaften gesichert sind, im Rahmen der Native American Conventional Lending Initiative (NACLI). Das Programm, das von der Federal Home Loan Bank of Chicago im Auftrag von sechs Federal Home Loan Banks verwaltet wird, ermöglicht den am MPF-Programm teilnehmenden Finanzinstituten, die Stammesgemeinschaften bedienen, konventionelle Kredite auf Stammesvertrauensland anzubieten. Diese Initiative erweitert die Finanzierungsmöglichkeiten für Ureinwohner-Kreditnehmer und ergänzt die bestehenden Kredite des HUD Section 184 Indian Home Loan Guarantee Program. NACLI, das 1996 ins Leben gerufen wurde, war das erste Programm, das konventionelle Kredite auf Stammesvertrauensland anbot.
- Expansion of mortgage lending options for Native American communities
- Partnership with Federal Home Loan Banks increases market reach
- Diversification of lending products through conventional loan offerings
- None.
"We appreciate our partnership with the Federal Home Loan Bank of
Through this initiative, NACLI loans provide an additional financing option for Native American borrowers to purchase homes on tribal trust lands. Fannie Mae also purchases HUD Section 184 Indian Home Loan Guarantee Program loans to support Native American homeownership. Now, the MPF Program will be able to provide additional opportunities for Native American borrowers to access conventional mortgage financing on tribal trust lands.
"This partnership emphasizes our commitment to supporting affordable homeownership opportunities and sustainable access to credit within historically underserved communities," said Patrick Sullivan, Executive Vice President, Group Head, MPF Program. "We look forward to working with Fannie Mae and our MPF Program lenders across the country to enhance opportunities for Native American consumers in tribal communities."
Fannie Mae established NACLI in 1996, creating the first opportunity for lenders to offer conventional loans on tribal trust lands. By forming relationships with federally recognized tribes, and promoting homeownership education in Native communities, supporting Native American lending is a cornerstone of Fannie Mae's Duty to Serve plan.
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