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Statement by Freddie Mac on Passage of the Landmark Housing Legislation

McLean, VA – Freddie Mac applauds Congress for passage of the housing bill. This action sends a positive signal of confidence to housing markets and investors. Freddie Mac will continue doing its part to help the economy by raising private capital, putting families into homes through sound underwriting, and helping troubled borrowers avoid foreclosure. We applaud the hard work of Congress and the Administration in advancing this important legislation.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

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