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Freddie Mac

Freddie Mac, officially known as Federal Home Loan Mortgage Corporation (FHLMC) is one of the government sponsored enterprises (GSE) of the federal government of the United States. The mortgage corporation is headquartered in the Tyson's Corner CDP located in the unincorporated Fairfax County, Virginia. Freddie Mac was established in 1970 with an aim to expand the secondary mortgage market in the United States. Together with other GSEs, the corporation purchases mortgage products in the secondary market and later sells them as mortgage-backed securities in the open market to eligible investors. They work to increase the supply of finance available for mortgage lending thereby increasing the availability of money for new home purchases.

All About Freddie Mac Bailout

Freddie Mac also provide a large number of bailout programs to help the mortgage lenders and investors during the mortgage crisis periods. They also offer a wide variety of home loans and refinance programs through their lender partners to potential home buyers and borrowers in the country. Freddie Mac loans are quite different from other types of home loan. Loan terms offered by the corporation usually have a lower rate of interest and affordable repayment terms and schedules for the borrowers. However, it is important for the borrowers to have a clear understanding of the lending guidelines issued by the company in order to make a better approach.

Freddie Mac Guidelines and their Benefits

The primary method of making money by Freddie Mac is through charging guarantee fees on loan products that the company has bought and securitized into mortgage-backed security bonds. The corporation help millions of low and moderate income families in all over the country to buy their homes or enjoy affordable rental housing by using a wide array of financing options. They endeavors to reduce the cost of housing and expand the housing opportunities for all type of families including minority families. Freddie Mac has also initiated community lending projects and consumer education programs to improve the financial literacy of the borrowers.

Freddie Mac Homes for Sale

On the other hand, a large number of homes for sale are available with the corporation. These homes are foreclosed homes when the homeowners are unable to make their repayment on the mortgage invested by Freddie Mac. They sell out such homes at low prices and they are completely safe to buy. Buying foreclosed homes from the corporation can also save the borrowers a substantial amount of money.
 
Freddie Mac
Freddie Mac or Federal Loan Mortgage Corporation works to improve the housing industry in the United States. Visit the official website of the company to check the latest programs introduced by the corporation.

WebSite:http://www.freddiemac.com/
 
The Huffington Post
The Huffington Post is one of the leading online news providers operating throughout the U.S. They also offer reliable information on the bailout programs provided by Freddie Mac.

WebSite:http://www.huffingtonpost.com/2009/07/23/fannie-mae-freddie-mac-ar_n_243596.html
 
Economist.com
At Economist.com, you will be able to get some exclusive details on the working methods of Freddie Mac and Fannie Mae. It is an online information company specialized in the financial sector

WebSite:http://www.economist.com/businessfinance/displaystory.cfm?story_id=11751139



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