Who is Freddie Mac and what do they do?
Sep 25th 2008
Related Posts: Credit & Finance, Government, Real Estate News
hiFreddie Mac’s http://www.freddiemac.com/ mission is to provide liquidity, stability and affordability to the housing market.
Are they fulfilling their mission to create:
- Stability: Freddie Mac’s retained portfolio plays an important role in making sure there’s a stable supply of money for lenders to make the home loans new homebuyers need and an available supply of workforce housing in our communities.
- Affordability: Financing housing for low- and moderate-income families has been a key part of Freddie Mac’s business since we opened our doors. Freddie Mac’s vision is that families must be able both to afford to purchase a home and to keep that home.
- Liquidity: Freddie Mac makes sure there’s a stable supply of money for lenders to make the loans new homebuyers need. This gives everyone better access to homefinancing, raising the roof on homeownership opportunity in America.