Frequently Asked Questions about Freddie Mac
- What does Freddie Mac do?
- Does Freddie Mac make loans to consumers?
- How do I know if Freddie Mac owns my loan?
- How can I find information about Freddie Mac’s foreclosed properties?
- What is Freddie Mac doing to support the housing recovery?
- How is Freddie Mac helping people to buy a home during the crisis?
- What is Freddie Mac doing to protect against another housing recession?
- Why is Freddie Mac in conservatorship?
- Who regulates Freddie Mac?
Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
No. Freddie Mac does not make loans directly to homebuyers. Our primary business is to purchase loans from lenders to replenish their supply of funds so that they can make more mortgage loans to other borrowers.
You can find out if Freddie Mac owns your loan by using our self-service loan look-up tool.
Since the beginning of the housing crisis, Freddie Mac has strengthened it's credit and eligibility standards to produce better quality loans that foster sustainable homeownership opportunities for America’s families.
In September 2008, Freddie Mac was placed into conservatorship in order to help restore confidence in the company, enhance our capacity to fulfill our mission and mitigate the systemic risk that contributed directly to the current instability in the market.
The company is regulated by the Federal Housing Finance Agency.
If you need help with your mortgage, please visit our Avoiding Foreclosure Resource Center.
Freddie Mac and Your Mortgage
What is Freddie Mac and what is its role in the housing market? View the video to find out.