The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise, headquartered in Tysons, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Freddie Mac was chartered by Congress in 1970 to support the U.S. housing finance system and help ensure a reliable and affordable supply of mortgage funds across the country. Rather than lending directly to borrowers, Freddie Mac operates in the U.S. secondary mortgage market, buying loans that meet our standards from approved lenders. Those lenders are then, in turn, able to provide more loans to qualified borrowers and keep capital flowing into the housing market. Freddie Mac then pools the mortgages it buys into securities, which they sell to investors around the world.
Tag: Freddie Mac
U.S. regulator struggles to gain faulty mortgage data
Nothing has been heard from the regulator, the Federal Housing Finance Agency, on 64 subpoenas it issued banks in July for detailed information on...
The new guy at Freddie Mac
First, Haldeman clarified what Freddie Mac's business is, and dispelled some common misconceptions. As a player in the secondary market, the company doesn't deal...
