Freddie Mac Single-Family Seller/Servicer Guide 1201.1 — Objective of Freddie Mac’s purchase programs
Freddie Mac Guide §1201.1 (Objective of Freddie Mac’s purchase programs). Gap-fill (verbatim, ID-diff).
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Freddie Mac Single-Family Seller/Servicer Guide 1201.1 — Objective of Freddie Mac’s purchase programs
Freddie Mac was created by Congress in 1970 under the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1451 et. seq.). Freddie Mac’s public mission is to provide liquidity, stability and affordability to the United States housing market. Freddie Mac does this primarily by purchasing residential Mortgages originated by mortgage lenders. In most instances, Freddie Mac packages these Mortgages into mortgage-related securities, which are guaranteed by Freddie Mac and sold in the global capital markets. Freddie Mac also invests in Mortgages and mortgage-related securities. Freddie Mac does not originate Mortgages or lend money directly to consumers. Freddie Mac supports the United States housing market and the overall economy by: ■ Providing America’s families with access to mortgage funding at lower rates ■ Helping distressed Borrowers keep their homes and avoid foreclosure, and ■ Providing consistent liquidity to the multifamily mortgage market, which includes providing financing for affordable rental housing Additionally, Freddie Mac works closely with FHFA and the broader industry to build a stronger housing finance system for the nation.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-1201-1/
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