Fannie Launches Tech Tool for Hispanics

Home Counselor Online, a Spanish-language technology tool aimed at promoting homeownership among Hispanics, has been launched by Fannie Mae.The free Web-based tool will help counseling agencies, nonprofit groups, and other entities guide potential homeowners through the mortgage process via user-friendly counseling support, Fannie Mae said. It also enables lenders to track the progress of potential borrowers. "Home Counselor Online is part of Fannie Mae's efforts to help housing partners modernize or transform housing counseling practices, in addition to moving the minority homeownership rate," said Fannie Mae. "With the launch of its English version in November 2001, more than 1,157 counseling agencies and lender offices have set up this technology tool, with over 103,221 clients served by them." Fannie Mae can be found online at http://www.fanniemae.com.