Last year, we transferred a significant portion of credit risk on nearly $215 billion residential mortgages. Since we began our program in 2013, we have led the market in credit risk transfer on approximately $602 billion mortgages.
It's clear that credit risk transfer is changing the way the U.S. residential housing market is funded. It has 3 main benefits:
Want to learn how it works? Check out our video and infographic.
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Across all sectors in housing, we’re experiencing a technology transformation that is increasing velocity, reducing cost and improving quality. In fact, the pace of change throughout the mortgage process has been steadily accelerating, and that trajectory is likely to continue in years ahead.
Although this year’s Optigo conference looked a little different, over 1,800 multifamily professionals joined the Freddie Mac team online to talk about the year we’ve had and look forward to what lies ahead.
Freddie Mac delivered a strong third quarter performance while supporting the housing market and families affected by the pandemic.
As the COVID-19 pandemic continues Freddie Mac has worked closely with our servicers to provide affected homeowners with options to stay in their homes.