Freddie Mac — Compare Lenders to Find the Lowest Rate
The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a government sponsored enterprise and a stockholder-owned, publicly traded company. Freddie Mac was created by the United States government, by charter, in 1970. The purpose of establishing Freddie Mac was to purchase mortgages and related securities, then issue securities and bonds in financial markets backed by those mortgages in secondary markets. Freddie Mac is regulated by the Office of Federal Housing Enterprise Oversight (OFHEO), in the United States Department of Housing and Urban Development.
Freddie Mac's mission, as defined by Congress in its charter, is to provide liquidity, stability and affordability to the housing market. The Freddie Mac mission is to create stability, affordability, opportunity, and prosperity. Freddie Mac takes pride in making homeownership possible for millions of American families by embracing four core values: leadership, integrity, people and excellence.