Freddie's 'Catch the Dream' Now in Utah

A statewide effort to make homeownership more affordable to minorities in Utah has been launched by Freddie Mac, the Community Development Corp. of Utah, and Far West Bank.Catch the Dream Utah will include "aggressive outreach and borrower education" through the CDC, homeownership initiatives offered through Salt Lake City and other participating communities, and flexible low-downpayment mortgages from Far West, according to Freddie Mac, which will purchase the mortgages. The Utah initiative is part of a national Catch the Dream campaign under which Freddie Mac pledged last June to invest $400 billion in affordable housing through the end of the decade, with a focus on minority and immigrant families. The Hispanic population has soared nearly 140% In Utah over the past 10 years, and more than half of the new Hispanic residents have settled in Salt Lake City, Freddie Mac said. The government-sponsored enterprise can be found online at http://www.freddiemac.com.