Working with you to help preserve the dream of homeownership

Our efforts to help you create opportunities for your potential homeowners and realize possibilities for your mortgage business go hand-in-hand with our commitment to help borrowers build and maintain their hard-earned equity through successful long-term homeownership. We are committed to working with you and other industry participants to shape a mortgage industry that promotes security and preserves the dream of homeownership.

Preserving dreams by creating awareness on how to avoid foreclosure

Making home possible involves more than helping people purchase homes; it includes helping borrowers keep their homes whenever possible during financial hardships. Each year, we help over 40,000 prime borrowers avoid foreclosure by providing you with the valuable tools and options to help your borrowers and protect homeownership. This includes:

Freddie Mac's CreditSmart, which is a multilingual financial education curriculum and consumer outreach initiative. The newest curriculum module "Preserving Homeownership: Protecting Your Home Investment" includes a comprehensive section on alternatives to foreclosure and covers a variety of topics from understanding home equity to recognizing scams.
Owning and Keeping a Home, Freddie Mac's online resource for consumers, with guidance on responsible homeownership and foreclosure avoidance.
Our Avoiding Foreclosure Toolkit, an online resource for Servicers, designed to help you promote options for borrowers having difficulty making their mortgage payment. Read about how we have expanded this toolkit in this issue of Single-Family News.

Preserving dreams by combating predatory lending

We're invested in working with you to shape a mortgage industry that promotes responsible lending for all borrowers. We do this by:

Continuing our Don't Borrow Trouble® anti-predatory lending campaign, a national award-winning campaign that combines education and empowerment–showing consumers how to protect their homes and neighborhoods.
Developing subprime lending requirements to help reduce the risk of future borrower default.
Promoting responsible servicing practices that serve as an example of what consumers can expect from Servicers of Freddie Mac-owned mortgages.
Providing educational information to prevent mortgage fraud, helping you develop and maintain a comprehensive quality control program, effectively manage your wholesale operations, and mitigate fraud losses.

Preserving dreams with essential servicing tools and workout options

Our dynamic analytical tools enable you to quickly and easily identify risks sooner, and increase the probability of successful workout options–helping more of your borrowers become long-term homeowners and avoid foreclosure. We also provide cutting-edge management tools that enable you to work effectively and efficiently with defaulted borrowers to make decisions that are timely, objective, consistent, and take all available options into account. Our default management policies provide you with clear and sound guidance, and offer you many options to explore with borrowers who are delinquent on their mortgage payments to avoid foreclosure. Take advantage of these tools:

Servicing Tools. Rely on our servicing requirements, best practices, and support tools to manage your servicing portfolio.
Disaster Relief Guidance. When a major disaster strikes, we respond quickly to provide you and your borrowers with effective relief measures and guidance.
Workout Incentive Program. Our Workout Incentive Program rewards you for the hard work you do to find the right solution for each borrower.

For more information

We can help you help your borrowers every step of the way, from buying to keeping their homes. Find out how we're helping you: