Fannie Allies With Hispanic Groups

Fannie Mae has announced that it is collaborating with the Hispanic Heritage Foundation and the Hispanic College Fund to jump-start Fannie's "American Dream Team" program to help place 50 minority college students in summer internships at mortgage lending companies.Fannie Mae said HHF and HCF are implementing Fannie's ADT program through their "Latinos on Fast Track" initiative to identify young Hispanics who will complete a week-long basic mortgage industry training in Washington. The training will brief the students about the marketplace and "the importance of outreach in driving minority homeownership," Fannie Mae said. The 25 Hispanic students selected through LOFT will then start their internships in the offices of several Fannie partners who serve Hispanic borrowers in 22 cities across the country, beginning May 31. The ADT program is part of a long-term effort to increase the number of Hispanic and African-American mortgage professionals who serve their community. Fannie Mae can be found online at http://www.fanniemae.com.