Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners.
Read our charter.
The Current Landscape
Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting our business under the direction of the Federal Housing Finance Agency (FHFA).
We are focused on meeting the urgent liquidity needs of the U.S. residential mortgage market, lowering costs for borrowers and supporting the recovery of the housing market and U.S. economy. By continuing to provide access to funding for mortgage originators and, indirectly, for mortgage borrowers and through our role in the federal Making Home Affordable program, we are working to
- Meet the needs of the mortgage market by making homeownership and rental housing more affordable
- Reduce the number of foreclosures
- Help families keep their homes and obtain more sustainable mortgages
Freddie Mac is both mindful and appreciative of the federal financial support we have received, and as an institution in conservatorship, we are highly focused on being good stewards of this support.
Freddie Mac’s three core business lines provide a constant source of mortgage funding for the nation’s housing markets – helping to make homeownership and rental housing more affordable for America’s families:
Throughout the worst housing and financial crisis in decades, Freddie Mac has provided a stable and constant source of mortgage funding for our nation. Learn more:
Our Role State-by-State
Freddie Mac is supporting the nation's housing recovery by keeping mortgage markets open, preventing foreclosures and providing economic relief to homeowners.
Freddie Mac and Your Mortgage
What is Freddie Mac and what is its role in the housing market? View the video to find out.
New Executive Perspectives Blog Post
Plenty of financial assets but limited income? VP Christina Boyle highlights a little-noticed Freddie Mac rule change that could help you qualify for a mortgage.
Read the blog