Freddie Mac 2006 Annual Report Download - page 3
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Please find page 3 of the 2006 Freddie Mac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Company Overview
Congress chartered Freddie Mac in 1970 with the mission
of bringing liquidity, stability and affordability to the nation’s
mortgage markets and expanding homeownership and
affordable rental housing opportunities. Since then, Freddie
Mac has made home possible more than 50 million times.
As one of the largest purchasers of mortgage loans in
the United States, Freddie Mac provides a vital link
between mortgage lenders and investors. We don’t make
mortgage loans directly to homebuyers. Rather, we benefit
consumers by providing lenders across the country with
a steady flow of low-cost mortgage funding in good times
and bad. Because Freddie Mac also provides assistance
for affordable rental housing, we’ve helped make home
possible for more than 4 million renters.
Our mission of expanding affordable housing opportunities
is the foundation of our business. It forms the framework
for our business activities, shapes the products we bring to
market and drives the services we provide to the nation’s
housing and mortgage industry. Everything we do comes
back to making America’s mortgage markets liquid and
stable and increasing opportunities for homeownership
and affordable rental housing across America. n
Freddie Mac
2006
Annual Report