Freddie Mac Loans

Q: What is an Freddie Mac loan?

A: Freddie Mac stands for Federal Home Loan Mortgage Corporation. It is a private corporation founded by Congress, the Federal Home Loan Mortgage corporation's mission is to promote stability and affordability in the housing market by purchasing mortgages from banks and other loan makers. The corporation is currently under conservatorship, under the direction of the Federal Housing Finance Agency.

Q: Does Freddie Mac make loans to consumers?

A: No. Freddie Mac does not make loans directly to homebuyers. Their primary business is to purchase loans from lenders to replenish their supply of funds so that they can make more mortgage loans to other borrowers.

Q: How do I know if Freddie Mac owns my loan?

A: You can find out if Freddie Mac owns your loan by using the self-service loan look-up tool HERE.

Q: How can I find information about Freddie Mac's foreclosed properties?

A: HomeSteps® is the real estate sales unit of Freddie Mac. HomeSteps® offers a free search and information service for homebuyers and real estate professionals.

Q: What is Freddie Mac doing to support the housing recovery?

A: Freddie Mac is supporting the nation's housing market by providing a constant stream of mortgage funding that helps America's families buy, refinance, or rent a home. They are also helping to stabilize communities through homeowner assistance programs, homeowner education, and more.

Q: How is Freddie Mac helping people to buy a home during the crisis?

A: Freddie Mac provides continuous liquidity and keep mortgage funds flowing - financing one out of every four home loans being originated. They also are educating homebuyers, homeowners and the industry about homebuying in today’s market through the Considering a Home web pages and CreditSmart®, a financial education curriculum, available online.

Q: What is Freddie Mac doing to protect against another housing recession?

A: Freddie Mac has strengthened it's credit and eligibility standards to produce better quality loans that foster sustainable homeownership opportunities for America’s families. In September 2008, Freddie Mac was placed into conservatorship in order to help restore confidence in the company, enhance their capacity to fulfill their mission and mitigate the systemic risk that contributed directly to the current instability in the market.