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.
Our participation in the secondary mortgage market includes
- Providing our credit guarantee for residential mortgages originated by mortgage lenders
- Investing in mortgage loans and mortgage securities
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 Obama Administration's initiatives, including the 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.
Read our charter.
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