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  • Federal Home Loan Mortgage Corporation (Freddie Mac) or (FHLMC) - www.freddiemac.com
  • Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership 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, we ultimately help homeowners and renters get lower housing costs and better access to home financing.

  • Our Mission: Since the Great Depression, federal support for housing has been an enduring national public policy objective. In the late 1960s the mortgage market was unpredictable, interest rates varied widely from city to city across the country, and mortgages loans were sometimes hard to get. Neither government nor private banking interests could address the nation's housing finance needs alone. A new solution was needed. Congress created Freddie Mac's charter in 1970, with a clear mission for us: stabilize the nation's mortgage markets and expand opportunities for homeownership and affordable rental housing. Freddie Mac's Congressional charter lays the foundation of our business and the ideals that power our mission. The charter forms the framework for our business lines, shapes the products we bring to market and drives the services we provide to the nation's housing and mortgage industry.

  • Our Business: Over the past 33 years, we have accomplished a great deal. As a participant in the secondary market for mortgage loans, we purchase mortgages from lenders across the country and package them into securities that can be sold to investors around the world. That's how we ensure that there is a continuous flow of funds to mortgage lenders and provide low- to middle-income homeowners and renters with lower housing costs and better access to home financing. But not all the loans we purchase are packaged into securities; we retain some in our own portfolio. We get the funds to do this by selling bonds to investors throughout the world. By offering investors a way to invest in mortgages on homes within the United States, we increase our ability to purchase mortgages from lenders and maintain a continuous flow of mortgage loan funds that in turn provide families with even more affordable mortgage financing. America's housing finance system is the envy of the world today. The combination of a Congressional charter and private-market discipline has allowed us to bring increased efficiency, strength and affordability to the market in all economic conditions.

  • Our Contributions: We take our mission very seriously at Freddie Mac, and we know the difference we have made. Over the last 33 years, we have: - helped increase the homeownership 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 we've helped them become homeowners and renters of affordable, quality housing. Thanks to our contributions, homeownership in America has reached 68% today, and we're continuously working to increase that number. The goal is simple: to open more doors for more people than ever before.

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