Freddie Mac

What is Freddie Mac?

Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of home ownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, they ultimately help homeowners and renters get lower housing costs and better access to home financing.

Some of Freddie Mac's key accomplishments are:

Helped increase the home ownership rate in America to record levels by purchasing more than 35 million mortgages,
Lowered mortgage rates, which reduces homeowners' interest payments and apartment rents,
Helped make home mortgage credit readily available and eliminated regional disparities,
Helped expand the variety of mortgage loan products available,
Used technology to help cut down the time and cost of getting a mortgage loan, and
Attracted investors from here and abroad to support America's mortgage lending needs.

Consumers' lives are better because they've helped them become homeowners and renters of affordable, quality housing. Thanks to Freddie Mac contributions, home ownership in America has reached 68% today, and they're continuously working to increase that number. Their goal is simple: to open more doors for more people than ever before.

Try these links to learn more about Freddie Mac:

Regulation - Focus of federal oversight
Impact on consumers - Because of Freddie Mac, consumers benefit from lower mortgage interest rates, readily available home mortgage credit, a wider selection of mortgage products and reduced origination costs.
Mortgage backed securities - Explanation of MBS and how Freddie Mac contributes to selling them
Future - Expected growth of Freddie Mac

 

Visit Freddie Mac

 

    Fannie Mae
    Freddie Mac
   
Ginnie Mae
   
VA
   
FTC
   
FDIC
   
FRB
   
HUD
   
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