The 227,000-member Kinecta Federal Credit Union has become one of the financial institutions that Fannie Mae has authorized to provide mortgages to the purchasers of Fannie’s HomePath properties.

HomePath properties are those that the secondary mortgage market giant wound up owning after the housing crash and crisis that it has made available to the public at substantially reduced prices. HomePath mortgage providers are those that are authorized to write mortgages for the HomePath properties under terms that are generally more favorable to borrowers than conventional loans but might not be as beneficial to some borrowers as loans backed by the Federal Housing Administration or Veterans Administration, according to housing experts.

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