Priscilla Almodovar, Fannie Mae CEO, said in a press release:We want to help people access and stay in their homes for a long time. The down payment assistance and education we provide to learn the home buying process will help Latino communities achieve both goals. The information was adapted to address the main obstacles and challenges that Latino consumers face when establishing and maintaining their credit. “The obstacles that Latinos face in buying a home are great, but not insurmountable,” highlighted Almodovar. According to data from The Urban Institute shared by Fannie Mae, 70% of net new home buyers between 2020 and 2040 will be Hispanic/Latino.