Freddie Mac 2015 Annual Report Download - page 46
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Management's Discussion and Analysis Our Business Segments | Single-Family Guarantee
Freddie Mac 2015 Form 10-K 44
BUSINESS RESULTS
The graphs and related discussion below present the business results of our Single-family Guarantee
segment over the last three years.
New Business Activity
Single-Family Loan Purchases and
Guarantees
Number of Families Helped to Own a Home
Commentary
• We maintain a consistent market presence by providing lenders with a constant source of liquidity for
conforming loan products. We funded approximately 12.5 million single-family homes since 2009 and
purchased nearly 1.4 million HARP loans since the initiative began in 2009, including nearly 45,000
during 2015.
• Our loan purchase activity increased significantly in 2015 compared to 2014, due to acquisitions of
purchase money loans resulting from higher volumes of home sales and home price appreciation.
Our loan purchase activity declined in 2014 to its lowest level since 2000. The decrease in our loan
purchase activity in 2014 compared to 2013 was due to decreased refinancing activity driven by
higher average mortgage interest rates in 2014.