Is Freddie Mac still focused on affordable housing?
Absolutely. In fact, Freddie Mac and Fannie Mae do more to finance affordable housing than any other financial institution in this country. Freddie Mac’s contributions to housing affordability include keeping mortgage rates low, reducing mortgage origination costs and creating sustainable mortgage products for low- and moderate-income families. More recently, we’re helping struggling borrowers lower their mortgage payments to more affordable levels through the Obama Administration’s Making Home Affordable program. We also have a long history of increasing the availability of affordable rental housing in the U.S. More than 90 percent of the rental units we‘ve financed were affordable to people whose incomes are at or below the area median income. To further facilitate the financing of affordable housing, Freddie Mac and Fannie Mae have been directed since 1995 – via the establishment of housing goals targets – to focus our mortgage purchases on low- and moderate-income borrowers and bor
