- Business
- Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise that provides liquidity, stability, and affordability to the U.S. housing finance system by purchasing residential mortgages from lenders, pooling them into mortgage-backed securities, and guaranteeing principal and interest payments to investors; its core offerings span single-family credit guarantees on conforming loans, including fixed-rate and adjustable-rate mortgages such as HomeOne for first-time buyers with low down payments and Home Possible for low- to moderate-income borrowers, alongside multifamily financing through Optigo loan products for acquisition, refinance, and rehabilitation of apartment communities, as well as investment and risk-transfer activities via securities issuance. The company conducts operations nationwide, targeting homeowners, renters, and investors across urban, rural, and underserved markets, with a focus on manufactured housing, affordable rentals, and workforce housing; founded in 1970 and headquartered in Tysons, Virginia, it functions under Federal Housing Finance Agency conservatorship since 2008 and manages over $3 trillion in assets. Recent developments include a 34% rise in 2024 multifamily production volume to $66 billion and $56 billion in securities issued, a FHFA-set $73 billion multifamily loan purchase cap for 2025, expanded Duty to Serve Underserved Markets Plan for 2025-2027 emphasizing manufactured and rural housing liquidity with new product enhancements, partnerships such as with Intercontinental Exchange for loan quality automation and Merchants Capital for a record $373 million Q-Series securitization in July 2025, along with technology launches like Freddie Mac Gateway for streamlined seller/servicer access and broadened appraisal waivers up to 90% LTV/TLTV plus DPA One down payment assistance expansion.