Freddie Mac Regulation

Freddie Mac was chartered by Congress in 1970 as a private company with a single purpose: to provide a continuous and low-cost source of capital to finance America's housing. Federal oversight of them is focused on two main areas - their housing mission, and their financial safety and soundness.

The U.S. Department of Housing and Urban Development (HUD) oversees their housing mission. HUD also sets permanent affordable housing goals for them, based on income and population diversity. These goals require that a certain percentage of the mortgages they purchase help provide housing for low- and moderate-income families.

Their financial safety and soundness is regulated by the Office of Federal Housing Enterprise Oversight (OFHEO). Organizationally, OFHEO is located within HUD. However, it operates independently of the Secretary of HUD as it implements, monitors, and enforces capital standards for Freddie Mac.

Although they are a shareholder-owned corporation, their status as a government-sponsored enterprise (GSE) gives them certain benefits that help them fulfill their mission on behalf of America's home buyers and renters.



    Fannie Mae
    Freddie Mac
Ginnie Mae


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