A Fannie Mae program that provides detailed information about the homebuying process to people who respond to the agency's advertisements has been an "oustanding" success, according to James A. Johnson, chairman.

Speaking at a home builders conference in Houston on Monday, Mr. Johnson said 32% of the households that responded to the outreach bought homes within a year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.