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How would Kiddie Mac work?

April 26, 2017kiddie Mac

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How would Kiddie Mac work?

1 Answer

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Kiddie Mac would certify requests for loans so the Department of Housing and Urban Development (HUD) could then sell guaranty insurance to the lenders. Many private lenders want to invest in child care facilities but are uncomfortable with the risks. Kiddie Mac will provide guaranty insurance for mortgages, loans and some other debts, encouraging private lenders to invest in the needs of our children.