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Our Transformation
A Better Freddie Mac, a Better Housing Finance System

A Decade of Progress

2009

Assistance Programs for Struggling Homeowners

February 2009 | Assistance Programs for Struggling Homeowners

Freddie Mac launches the Making Home Affordable program to help borrowers struggling to make their mortgage payment get a loan modification and homeowners who owed more on their mortgage than their home was worth refinance. Through HAMP, HARP and other programs we’ve helped millions of homeowners stay in their homes.


June 2009 | Multifamily Risk Transfer Program

Freddie Mac Multifamily releases the first modern multifamily securitization, known as a K-Deal, which shifts a portion of the risk away from U.S. taxpayers to private investors.

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Multifamily Risk Transfer Program

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2010

Borrower Help Centers

January 2010 | Borrower Help Centers

Freddie Mac establishes on-the-ground Borrower Help Centers and national phone network with trusted non-profit intermediaries to help homeowners with Freddie Mac-owned mortgages avoid foreclosure. Today, our 14 Borrower Help Centers also work to prepare prospective homebuyers for successful homeownership.

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2012

Return to Profitability

September 2012 | Return to Profitability

“Freddie Mac’s return to profitability in third quarter of 2012 allows us to pay a $1.8 billion dividend to the U.S Treasury.

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2013

Single-Family Credit Risk Transfer Program

July 2013 | Single-Family Credit Risk Transfer Program

Freddie Mac launches its Single-Family Structured Agency Credit Risk (STACR®) securitization to transfer credit risk exposure from U.S. taxpayers to private investors. We later introduced additional credit risk transfer offerings, including the Agency Credit Insurance Structure (ACIS®), our insurance-based credit risk sharing vehicle.


December 2013 | Total Payments to the U.S. Treasury Reaches Amount Borrowed

Freddie Mac’s total payments to the U.S. Treasury reach nearly $72 billion borrowed.

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Total Payments to the U.S. Treasury Reaches Amount Borrowed

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2014

First Non-Performing Loan Sale

August 2014 | First Non-Performing Loan Sale

Freddie Mac begins to actively reduce less liquid assets from its investment portfolio and completes first non-performing loan sale. We’re now considered an industry leader in innovative sales of non-performing and reperforming loans.


October 2014 | Small Balance Loan Program

Freddie Mac Multifamily launches innovative Small Balance Loan program to help small rental property owners and provide stability in the market. Since launching the program, we've financed nearly 300,000 rental units, helping preserve affordable housing nationwide.

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Small Balance Loan Program

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2015

LAS Offers Digital Tools for Managing Single-Family Mortgages

October 2015 | LAS Offers Digital Tools for Managing Single-Family Mortgages

Freddie Mac Single-Family introduces Loan Advisor Suite® to give lenders simpler tools, better efficiency, easier navigation, and more reliability for delivering quality loans.


December 2015 | Leading Multifamily Lender

Freddie Mac became the nation’s top multifamily financier in 2015, a distinction it has retained for three consecutive years. In 2017, we financed a record-setting $73.2 billion in loan purchase and guarantee volume, a nearly 30% increase over our 2016 total of $56.8 billion.

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Leading Multifamily Lender

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2016

Single Security and Common Securitization Platform

December 2016 | Single Security and Common Securitization Platform

Freddie Mac begins using the Common Securitization Platform to perform bond administration activities for the majority of its Single-Family fixed-rate mortgage-backed securities. This important milestone paves the way for the go-live of the Single Security Initiative in June 2019, when Freddie Mac and Fannie Mae will begin issuing Uniform-Mortgage Backed Securities (UMBS), through a combined$3.5 trillion to-be-announced (TBA) market.

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2017

Single-Family Serious Delinquency Rate Dips Below 1%

January 2017 | Single-Family Serious Delinquency Rate Dips Below 1%

Freddie Mac's Single-Family serious delinquency rate —those homeowners more than 90 days past due or in foreclosure — dipped below 1% for the first time in nearly a decade.


May 2017 | Innovative Appraisal Alternative

Freddie Mac introduces its innovative automated collateral evaluation (ACE) that offers an automated appraisal alternative that can save borrowers an average of $500 on the cost of an appraisal and provides lenders more peace of mind when they sell the loan to Freddie Mac.


June 2017 | Multifamily $200 Billion in Risk Transfer Milestone

In reaching this milestone, Freddie Mac’s risk transfer transactions greatly reduce the company’s and the U.S. taxpayer’s exposure to risk. Freddie Mac currently securitizes about 90 percent of the Multifamily mortgages it purchases through the K- and SB-Deal programs.

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Innovative Appraisal Alternative

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Multifamily $200 Billion in Risk Transfer Milestone

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2018

Mortgage-Related Investments Portfolio Drops Below $250 Billion

February 2018 | Mortgage-Related Investments Portfolio Drops Below $250 Billion

Freddie Mac’s total mortgage-related investments portfolio drops from over $867 billion in March 2009 to $247 billion as of February 2018, below the 2018 year-end Purchase Agreement cap of $250 billion. The portfolio has further declined to $236 billion as of the end of the second quarter of 2018.


May 2018 | Historically Low Multifamily Delinquency Rate

Thanks to strong underwriting, Freddie Mac Multifamily’s delinquency rate drops to 0.01%, a historic low.


June 2018 | Single-Family $1 Trillion Credit Risk Transfer Milestone

Freddie Mac announces that we have transferred a significant portion of mortgage credit risk to private investors on more than $1 trillion of single-family mortgages. Combined, we have transferred a portion of risk on nearly $1.5 trillion in Single-Family and Multifamily mortgages away from taxpayers.


September 2018 | A Better Freddie Mac, A Better Housing Finance System

Through these and other milestones Freddie Mac is helping to build a better housing finance system for the nation. A steady stream of improvements and strong business fundamentals are key drivers in this transformation.

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Historically Low Multifamily Delinquency Rate

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Single-Family $1 Trillion Credit Risk Transfer Milestone

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A Better Freddie Mac, A Better Housing Finance System

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February 2009 | Assistance Programs for Struggling Homeowners
June 2009 | Multifamily Risk Transfer Program
January 2010 | Borrower Help Centers
September 2012 | Return to Profitability
July 2013 | Single-Family Credit Risk Transfer Program
December 2013 | Total Payments to the U.S. Treasury Reaches Amount Borrowed
August 2014 | First Non-Performing Loan Sale
October 2014 | Small Balance Loan Program
October 2015 | LAS Offers Digital Tools for Managing Single-Family Mortgages
December 2015 | Leading Multifamily Lender
December 2016 | Single Security and Common Securitization Platform
January 2017 | Single-Family Serious Delinquency Rate Dips Below 1%
May 2017 | Innovative Appraisal Alternative
June 2017 | Multifamily $200 Billion in Risk Transfer Milestone
February 2018 | Mortgage-Related Investments Portfolio Drops Below $250 Billion
May 2018 | Historically Low Multifamily Delinquency Rate
June 2018 | Single-Family $1 Trillion Credit Risk Transfer Milestone
September 2018 | A Better Freddie Mac, A Better Housing Finance System
“Freddie Mac is a fully competitive company that is executing on its mission, protecting taxpayers and helping to build a better housing finance system for the nation.”
Donald H. Layton, CEO
A Safer, Sounder System
Through our pioneering credit risk offerings, we’re creating a better housing finance system that's good for the industry, investors and America's taxpayers. Since 2009, we’ve transferred a portion of mortgage credit risk on nearly

of mortgages
Innovating for the Market
ACE

Our automated appraisal alternative can save borrowers money and offers lenders more peace of mind when they sell the loan to us.

Single Security

The Single Security will pave the way for a $3.5 Trillion TBA MBS market, beginning in 2019.

Mezzanine Financing

Our Mezzanine financing makes it easier for property owners to keep rents affordable for low-income and working families.

A Stronger Company

Over the last 10 years…

We provided
nearly $4 trillion
in funding to the mortgage market

We helped helped make home possible for over
22 million
families

We've returned
$112 billion
to taxpayers – nearly 60% more than we received

See more about how we’re moving housing forward.
We’re Proud to be Part of the Industry
Innovation

Innovation

We're dedicated to innovation that brings more efficiencies to the housing market.

Technology

Technology

We're focused and investing in technology that's lowering costs across the housing industry, while helping to serve more families.

Commitment

Commitment

We're committed to serving the industry by building a better and more sound housing finance system.

Excellence

Excellence

We're working closely with our customers to meet their needs and help them remain strong and competitive.