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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 (2002-2011), Freddie Mac has invested approximately $5.00 trillion in home loans, helping 33,832,416 families in the United States own or rent a home.

PeriodFM InvestmentHomeowners ServedRenters ServedTotal Families Served
2012 $427 billion 1,876,153 606,727 2,482,880
Past 10 Years $5.00 trillion 27,186,914 6,645,502 33,832,416

For the full year 2012, Freddie Mac:

  • Enabled 98,071 homebuyers in the United States to purchase their first home.
  • Financed loans for 691,865 low income families in the United States.
  • Funded home loans with an average mortgage of $205,189.68.

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 50 states, including the District of Columbia and Puerto Rico, we completed a total of 785,111 loan workouts from 2009 through December 31, 2012, which helped these families avoid foreclosure.

PeriodLoan ModificationsRepayment PlansForbearanceOther Foreclosure AlternativesTotal Families Avoiding Foreclosure
2009 65,044 33,725 14,628 19,219 132,616
2010 170,277 31,210 34,594 39,175 275,256
2011 109,174 33,421 19,516 46,163 208,274
2012 69,581 33,350 13,026 53,008 168,965

* As of December 31, 2012. Based on completed agreements and Freddie Mac housing goals data submitted to FHFA. Periodically, there are differences in and changes to our reported numbers due to the timing of completion. State total funding does not equal the national total due to stand-by guarantee commitments and guarantees of non-Freddie Mac securities that are not included in the state data, rounding and other differences.

Economic View

Employment Growth in the United States

Source: Bureau of Labor Statistics
Year over Year %, December 2011 to December 2012

Serious Mortgage Delinquencies

Source: CoreLogic and Freddie Mac

Annual Percent Change in House Prices

Source: Freddie Mac House Price Index, through 2012 Q4.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


Source: US Census Bureau
American Community Survey

Unemployment Rate

Source: US Bureau
of Labor Statistics

Subprime Dollar Share of
All Loans Outstanding

May 2012
Source: CoreLogic and Freddie Mac.
Percent of outstanding first lien
mortgages that are subprime by loan type.

Minority Homeownership

Source: US Census Bureau
American Community Survey

Share of Homes with Negative Equity

Source: CoreLogic. Data for Q4 2012 as of March 19, 2013.
Data represent share of homes where total mortgage debt is higher than home value.

Homeowner Resources


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