Freddie Mac 2015 Annual Report Download - page 47
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Management's Discussion and Analysis Our Business Segments | Single-Family Guarantee
Freddie Mac 2015 Form 10-K 45
• We continued working to improve access to affordable mortgage credit, including the introduction of a
new loan initiative in March 2015 with a down payment option as low as three percent to help
qualified borrowers with limited savings buy a home. We also continue to explore the feasibility of:
Increasing our purchases of loans securitized by permanently affixed manufactured housing;
Improving the effectiveness of pre-purchase and early delinquency counseling for borrowers;
Utilizing alternative credit score models and credit history standards in loan eligibility
decisions; and
Increasing support for first-time home buyers.
We are responsibly expanding our programs and outreach capabilities to better serve low and
moderate income borrowers and underserved markets. Expanding access to affordable mortgage
credit will continue to be a top priority in 2016.
• We expect our purchase volume in 2016 to be similar to 2015, with HARP activity remaining low
during 2016 since the pool of borrowers eligible to participate in the program has declined.