Profile picture for kriderbl

What is a Freddie Mac?

  • November 30 2013 - Greenacres
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (8)

Profile picture for blue screen exile
Since this question is posted under the "buying a Foreclosure" section of the Zillow forum, perhaps a couple links regarding Freddie Mac Owned foreclosed homes may be in order?

http://www.freddiemac.com/homeownership/rent_or_buy/buying_a_freddiemac_owned_home.html

And the website for looking up homes owned by these government sponsored/owned entities:

http://www.homepath.com/

Though that website specifically states Fannie Mae, it also handles Freddie Mac foreclosures as well.

You also will want to look at:
http://www.homesteps.com/homebuyer/offers.html

as that is specifically a Freddie Mac program for Freddie Mac foreclosures.

And their search page:
http://www.homesteps.com/featuresearch.html
  • November 30 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for re rod
Gennie's Fannie Mae,  Freddie Mac..  who's next?
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

.. married to Fannie Mae
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for blue screen exile
A government created, now government owned lending source and mortgage insurer, and packager of mortgages for selling on the securities market as "mortgage backed securities".

Usually when someone says "a Freddie Mac", they are referring to a loan funded by Freddie Mac and owned by Freddie Mac, but they could be referring to a home that Freddie Mac Foreclosed on and now owns.

If you want info on Freddie Mac Mortgaged Backed Security pricing as compared to Fannie Mae or Gennie Mae (also created by the Federal Government, and later "bailed out" and thus now Government owned), you can see current pricing (20 minutes delayed) at:

http://www.mortgagenewsdaily.com/mbs
(the mortgage securities market is closed on weekends, so presently the last price shown was for Wednesday afternoon before Thanksgiving).

Presently, over 90% of mortgages issued in the U.S. are funded by these federal government entities.
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

The short answer is....

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac does not make loans directly to homebuyers. Their primary purpose is to purchase loans from lenders to replenish their supply of funds so that they can make more mortgage loans to other borrowers. Freddie Mac is supporting the nation's housing market by providing a constant stream of funding that helps America's families buy, refinance, or rent a home. They also have many other programs and education materials for homeowners
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Rebecca Marvel
Government.
  • November 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.