Welcome to our "How It Works" blog series, where we'll discuss it all, from Freddie Mac to the loan approval process.
Today's focus is on the secondary mortgage market, and more specifically, Freddie Mac. Here, we'll answer important questions such as:
The U.S. Congress created the secondary mortgage market in the 1930s to give lenders a much bigger, steadier and more evenly distributed stream of mortgage money to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing.
The secondary mortgage market, including Freddie Mac, connects lenders, homebuyers and investors in a single, efficient system that benefits homebuyers in many ways, including:
How It Works
Watch our video to find out how the secondary mortgage market works and how Freddie Mac connects borrowers, lenders and investors from around the world to make home possible for millions of America's families and renters.
Follow this series to learn more about how things work in the mortgage industry and visit My Home by Freddie MacSM where we discuss it all.