Freddie Mac-No Politics (FMCC)

[Taurus69]

$fmcc Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. The company's statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.

The company participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities. The company does not lend money directly to homeowners.

Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting business under the direction of the Federal Housing Finance Agency (FHFA).