In an effort to help more low-income families realize their homeownership dreams, Fannie Mae, the nation's largest supplier of mortgage funds, is easing its credit requirements for those with less-than-perfect credit.
Under a new program, qualified borrowers could get loans with interest rates as much as 2% lower than normal sub-prime mortgages. Moreover, if they make their first two years' payments on time, they will get one more point off the loan.
