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Freddie Mac has launched a program where it will give closing cost credits on multifamily loans to rental-property owners who report on-time rent payments through Esusu, a fintech startup that counts Serena Williams among its investors. So reports GlobeSt.com.
The program aims to incentivize landlords to help renters improve their credit scores.
Esusu, which reports up to 24 months of past on-time rent payments to credit bureaus, has received an undisclosed investment amount from Serena Ventures, the tennis star’s venture capital fund.