Federal Home Loan Mortgage Corp

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Federal Home Loan Mortgage Corporation, doing business as Freddie Mac, makes housing more accessible and affordable for millions of families across America by linking homeowners and renters to the world s capital markets. Primarily, Freddie Mac s customers are the primary lenders that homeowners get their loans from. These lenders extend mortgage loans directly to their customers who are purchasing or refinancing a home. The lenders then look to Freddie Mac to purchase the mortgage and replenish the primary lender s cash supply for lending. Freddie Mac funds these purchases through securitization-based financing, which means it issues a mortgage-related security that represents an undivided interest in the mortgage loans the company purchases. In this process, homeowners send their mortgage payment to the primary lender, which keeps a small fee and then sends the rest of the payment to Freddie Mac, which passes the remainder to investors who hold the company s mortgage securities. Through this unique mortgage credit system, Freddie Mac buys one mortgage every seven seconds and helps finance one in six American homes.