WASHINGTON -- In what could serve as a blueprint for many low-income leanding efforts, the Department of Housing and Urban Development has teamed up with Fannie Mae and Freddie Mac to share the risk on some apartment-building mortgages.

Under the deal, the secondary-market agencies will purchase the loans and handle administrative chores, as they ordinarily do. But, if the loans default, HUD will step in and share the losses.

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.