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Frequently Asked Questions about Freddie Mac

1. What does Freddie Mac do?
2. Does Freddie Mac make loans to consumers?
3. How do I know if Freddie Mac owns my loan? 
4. How can I find information about Freddie Mac’s foreclosed properties?
5. What is Freddie Mac doing to support the housing recovery?
6. How is Freddie Mac helping people to buy a home during the crisis?
7. What is Freddie Mac doing to protect against another housing recession?
8. Why is Freddie Mac in conservatorship?
9. Who regulates Freddie Mac?

1. What does Freddie Mac do?

   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.

2. Does Freddie Mac make loans to consumers? 

   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.

3. How do I know if Freddie Mac owns my loan?

   You can find out if Freddie Mac owns your loan by using our self-service loan look-up tool.

4. How can I find information about Freddie Mac's foreclosed properties?

   HomeSteps is the real estate sales unit of Freddie Mac. HomeSteps® offers a free search and information service for homebuyers and real estate professionals. Freddie Mac also has a limited inventory of apartment properties for sale.

5. What is Freddie Mac doing to support the housing recovery? 

   Freddie Mac is supporting the nation’s housing market by providing America’s families with access to affordable homeownership and rental housing, while helping struggling borrowers avoid foreclosure.

6. How is Freddie Mac helping people to buy a home during the crisis?

   One of the most important roles that Freddie Mac plays today is to provide continuous liquidity and keep mortgage funds flowing - financing one out of every four home loans being originated. We’re also educating homeowners and the industry about the new home buying rules and opportunities.

7. What is Freddie Mac doing to protect against another housing recession?

   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.

8. Why is Freddie Mac in conservatorship?

   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.

9. Who regulates Freddie Mac?

   The company is regulated by the Federal Housing Finance Agency.

If you need help with your mortgage, please visit our Avoiding Foreclosure Resource Center.