What is Freddie Mac?
Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, they ultimately help homeowners and renters get lower housing costs and better access to home financing.
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Some of Freddie Mac's key accomplishments are:
Helped increase the homeownership rate in America to record levels by purchasing more than 35 million mortgages,
Lowered mortgage rates, which reduces homeowners' interest payments and apartment rents, Helped make home mortgage credit readily available and eliminated regional disparities, Helped expand the variety of mortgage loan products available, Used technology to help cut down the time and cost of getting a mortgage loan, and Attracted investors from here and abroad to support America's mortgage lending needs.
Consumers' lives are better because they've helped them become homeowners and renters of affordable, quality housing. Thanks to Freddie Mac contributions, homeownership in America has reached 68% today, and they're continuously working to increase that number. Their goal is simple: to open more doors for more people than ever before.
As one of Denver and Breckenridge Colorado's Top Mortgage Banking teams,
and as seasoned Wholesale Mortgage Bankers and Realtors, our goal is to help you with financing your home which begins with a personal commitment to you. With over 10 years of experience and closing over 110 million dollars of residential real estate we've helped people like you realize the dream of home ownership by tailoring a loan program that comfortably fits within your budget and not only finding a good home, the best home.
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