Freddie Mac

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Financing housing for low and moderate income families has been a key part of Freddie Mac's business. Freddie Mac's vision is that families must be able both to afford to purchase a home and to keep that home once they have undertaken a mortgage obligation. Freddie Mac reaches diverse households and neighborhoods, and they are constantly striving to extend the benefits of the secondary market through their approved lenders to homebuyers. Freddie Mac wants to ensure that every creditworthy borrower, regardless of race, color, religion, national origin, sex, age, marital status, receipt of public assistance, income or neighborhood, is aware of and has access to mortgage money.

Many independent, formal studies conducted by government agencies and private rating agencies confirm that Freddie Mac is adequately capitalized and manages its business risks well. Freddie Mac's obligations and securities do not constitute government debt and are not guaranteed by the Federal government.

Freddie Mac and Fannie Mae have the same charters, Congressional mandates and regulatory structure. The two companies, however, have different business strategies. Competition between Freddie Mac and Fannie Mae ensures that the benefits of the secondary market are passed on to homebuyers and renters in the form of lower housing costs. Both Freddie Mac and Fannie Mae operate as publicly traded corporations.

Ginnie Mae is a government agency within HUD created by Congress to ensure adequate funds exclusively for government loans insured by the Federal Housing Administration (FHA) and guaranteed by the Department of Veterans Affairs (VA) and Veterans Administration.

For more information go to: www.freddiemac.com/

Page 1 Freddie Mac
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