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Our Role State-by-State

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Freddie Mac Activities

Financing Homeownership & Rental Housing in the United States

One of Freddie Mac's key priorities is providing constant, stable support to the housing market. Since we were created, we've continued to supply an ongoing stream of funding for mortgages, every day, in all geographic markets, and in good times and bad. Over the past decade, Freddie Mac has invested approximately $5.1 trillion in home loans, helping 34,724,321 families in the United States own or rent a home.

PeriodFM InvestmentHomeowners ServedRenters ServedTotal Families Served
2011* $173.2 billion 819,792 114,605 934,397
2010 $404 billion 1,931,863 216,042 2,147,905
2000-2010 $5.1 trillion 30,485,188 4,239,134 34,724,321

Based on Freddie Mac housing goals data submitted to FHFA.

In the first half of 2011, Freddie Mac:

  • Enabled 50,071 homebuyers in the United States to purchase their first home.
  • Financed loans for 130,813 low income families in the United States.
  • Funded home loans with an average mortgage of $202,589.

Preventing Foreclosure in the United States

Foreclosure prevention remains one of Freddie Mac's top priorities. Since the housing crisis began, our efforts through our own foreclosure avoidance programs and the Administration's Home Affordable Modification program (HAMP), have helped over half a million families facing financial hardship to keep their homes or sell their properties. In the United States alone, we have completed 611,224 loan workouts, which helped these families avoid foreclosure.

PeriodLoan ModificationsRepayment PlansForebearanceOther Foreclosure AlternativesTotal Families Avoiding Foreclosure
2008 35,065 42,095 4,241 5,533 86,934
2009 65,044 33,725 14,628 19,219 132,616
2010 170,277 31,210 34,594 39,175 275,256
2011* 66,207 17,080 11,387 21,744 116,418

Based on completed agreements. Periodically, there are differences in and changes to our reported numbers due to the timing of completion.

* 2011 data is current as of June 30, 2011.

Economic View

Employment Growth in the United States

 
Source: Bureau of Labor Statistics
Year over Year %, Aug 2010 to Aug 2011

Serious Mortgage Delinquencies

 
Source: CoreLogic and Freddie Mac

Annual Percent Change in House Prices

 
Source: Freddie Mac House Price Index, through 2011 Q2.Federal Housing Finance Agency HPI. Year over Year %.

Housing Affordability Index

 
Source: Moody's Analytics.
Share of median priced home that is affordable to a family with median income at current interest rates.

National Monthly Average Interest Rates

 
Source: Freddie Mac - Primary Mortgage Market Survey®

Median Family Income

 
Source: US Census Bureau,
Moody's Analytics American Community Survey

Homeownership

 
Source: US Census Bureau
American Community Survey

Unemployment Rate

 
Source: US Bureau
of Labor Statistics

Subprime Dollar Share of
All Loans Outstanding

 
Source: CoreLogic and Freddie Mac.
Percent of outstanding first lien
mortgages that are subprime by loan type.

Minority Homeownership
Rates

 
Source: US Census Bureau
American Community Survey

Share of Homes with Negative Equity

 
Source: CoreLogic.
Data represent share of homes where total mortgage debt is higher than home value.

Homeowner Resources

© 2012 Freddie Mac

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