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We support America’s renters, homeowners, and homebuyers by bringing liquidity, stability, and affordability to the housing market across all national communities and economic cycles.
What we do
Congress granted Freddie Mac a charter in 1970 to aid the United S. housing finance system and contribute to ensuring a consistent and reasonably priced national supply of mortgage funds
Instead of making loans to borrowers directly, Freddie Mac functions in the U S. secondary mortgage market, purchasing loans from approved lenders that satisfy our requirements
Consequently, those lenders are in a position to continue injecting capital into the housing market by offering more loans to eligible borrowers. After that, Freddie Mac pools the mortgages it purchases to create securities that are sold to investors worldwide.
See the We Make Home Possible report to find out how we carry out our mission.
We Make Home Possible
Our consistent assistance, in both prosperous and struggling economies, as well as in underserved markets, stabilizes the housing market and helps families affordably rent, purchase, and maintain homes.
By reaching these and other significant milestones, Freddie Mac has advanced both our business and the housing finance system into a new era and contributed to the development of the country’s housing finance system. Strong business fundamentals and a continuous flow of advancements are what are propelling this change.
FAQ
What kind of loan is Freddie Mac?
The federal government established Freddie Mac as a government-sponsored enterprise, or GSE, to guarantee access to home mortgage credit. It is Freddie Mac’s legal duty to supply the U.S. with affordability, stability, and liquidity. S. housing market. Freddie Mac does not make loans directly to homebuyers.
Is a Freddie Mac loan the same as an FHA loan?
Upfront funding costs and mortgage insurance coverage are two of the most obvious distinctions between FHA and Freddie Mac loans. Mortgage insurance or an upfront funding fee are not necessary for the Home Possible® or HomeOne® Programs.
What does Freddie Mac actually do?
Our main line of business is buying loans from lenders to restock their cash flow so they can continue lending money to other borrowers for mortgages.
What is the difference between Freddie Mac and Fannie Mae loans?
Larger commercial banks and lenders are typically the ones that Fannie Mae purchases loans from. Freddie Mac typically purchases loans from smaller credit unions or banks. This is the primary difference between the two. Additionally, Fannie Mae has existed for roughly 30 years longer than Freddie Mac.
Read More :
https://www.freddiemac.com/about
https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products