Freddie Mac | Company Profile - Revenue, Headcount, Tech Stack, Contacts
Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise established by the U.
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Officially known as the Federal Home Loan Mortgage Corporation, this government-sponsored enterprise was established by the U.S. Congress in 1970 with the aim of enhancing liquidity, stability, and affordability in the U.S. housing market. It purchases mortgages from lenders, converts them into mortgage-backed securities, and sells these securities to investors.
By guaranteeing timely payments of principal and interest, it helps replenish lenders' funds and facilitates the issuance of new mortgages. Serving mortgage lenders such as banks and financial institutions, it plays a crucial role in increasing the availability of mortgage credit, ultimately benefiting homebuyers and maintaining a reliable supply of mortgage funds nationwide.
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