the primary activity of freddie mac is to

The primary purpose of Freddie Mac is to increase the availability of financing for residential real estate by buying primarily conventional loans The money Freddie Mac uses to buy mortgages comes from the sale of its own securities

But if the property is used primarily for farming or ranching, then the property is ineligible.

Freddie Mac was chartered by Congress in 1970 as a private company to likewise help ensure a reliable and affordable supply of mortgage funds throughout the country.

After adjusting for loan purpose, credit score, and points, the differential in weekly average rates between the Loan Product Advisor sample and the PMMS data is reduced to about 0.04 percentage points on average for the 2012-2018 period, or about 20% of the original gap observed.Exhibit 4 displays the differences in the PMMS data and our adjusted Loan Product Advisor sample.The remaining difference between the PMMS and WAS data remains unexplained but is likely due to sampling variability, differences in coverage including timing, and differential weights on lenders.For example, with respect to sampling variability, Freddie Mac’s internal analysis suggests that the weekly PMMS has a margin of error of about 0.05% for the 30-year fixed-rate mortgage.

For example, since 1990, the average difference in rates reported in the two surveys is 0.035 percentage points, and the average difference since 2012 is 0.21 percentage points.To analyze the difference between the PMMS and WAS rates, Freddie Mac ran a variety of scenarios using data collected through its Loan Product Advisor underwriting system to replicate a sample of loans similar to the applications tracked in the WAS and constructed a close approximation of the MBA’s average rate. Our funding makes products such as the 30-year, fixed-rate mortgage possible. This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.​Implement critical reforms that will produce a stronger and more resilient housing finance system.FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.

Our in-house teams closely oversee loan and property quality throughout the life of each loan.Our Capital Markets business promotes the mortgage market’s liquidity and makes funding more available to borrowers by purchasing mortgage-related securities guaranteed by Freddie Mac and other financial institutions as investments and managing our portfolio.

We support all types of multifamily properties nationwide, including conventional, seniors, student, and subsidized housing as well as smaller properties and manufactured housing communities.Our funding is vital to making sure that renters have access to adequate, affordable apartment homes.

With respect to weighting, the PMMS is constructed to reflect a composition of mortgage originations weighted in terms of the size and type of lending institution as well as geographic coverage while the WAS is not weighted to reflect application volumes.These differences in approach between the PMMS and WAS help explain some of the remaining differences in the survey data.1.

Learn more at A photo accompanying this announcement is available at Find out if Freddie Mac owns your loan using our secured lookup tool.Use our lookup tool to see if Freddie Mac financed your apartment building.

For a detailed technical analysis, see Boyarchenko, N., Fuster, A., & Lucca, D. O.

As a result, the Loan Product Advisor sample was adjusted to add a measure of discount points to better match the points in the PMMS data. In 2018, Fannie Mae reported $15.6 billion in earnings, while Freddie Mac reported $8.6 billion. Fannie Mae and Freddie Mac buy mortgages from lenders and either hold these mortgages in their portfolios or package the loans into mortgage-backed securities (MBS) that may be sold.

Instead, Freddie Mac surveys originators across the country and across different types of lending institutions and estimates what a typical consumer might see if they shopped around for mortgage rates.

We fund these investments by issuing corporate debt securities.

Freddie Mac reports net revenues of $4.15 billion, $2.88 billion of which was net interest income, $469 million in G-fee income and $670 million in investment gains.

A point equals one percent of the loan amount.

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