What is Freddie Mac?
Asked a year ago
Freddie Mac, which stands for Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise (GSE) created to support the stability and liquidity of the U.S. housing market. Established in 1970, Freddie Mac provides a vital role in the mortgage industry by purchasing residential mortgages from lenders and packaging them into mortgage-backed securities (MBS). These MBS are then sold to investors, enabling lenders to replenish their funds and extend more home loans to borrowers. By doing so, Freddie Mac helps increase the availability of affordable mortgage financing across the country. As a GSE, Freddie Mac operates under strict regulatory oversight to ensure the safety of the housing market and protect investors. The mission is to promote homeownership, stability, and affordability in the U.S. housing market.
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