Fannie Mae last week said that more than 45% of the homes it financed in 1997 were for low- and moderate-income households.

Almost 29% of these homes were in underserved communities nationwide, the mortgage agency said. Fannie also said low- and very low-income households in both single-family and multifamily homes accounted for 19% of the homes it financed in 1997. Last year minority borrowers made up more than 17% of households served by Fannie Mae.

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