The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, is a public, Fortune 500 company headquartered in Tyson’s Corner, Virginia. Chartered by Congress in 1970 to help stabilize and provide liquidity in the US residential mortgage market, it was created to supplement the efforts of Fannie Mae (Federal National Mortgage Association) to finance affordable housing for American families.
Freddie Mac is regulated by the Federal Housing Finance Agency (FHFA) for “safety, soundness, and mission,” and, by HUD (the United States Department of Housing and Urban Development), for fair lending issues. As stated on the FHFA website, Freddie Mac provides “…ready access to funds on reasonable terms to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing.”
The corporation’s grant-making arm, the Freddie Mac Foundation, works to better the lives of children and families, primarily in Washington, DC, and in other cities around the nation. The foundation focuses on providing grants to promote stable families and homes, foster care and adoption, and academic and career success for young people.
Freddie Mac has partnered with HSF since 2010, providing scholarships that have helped students pay for tuition, books, and their other education-related expenses. This year, Freddie Mac is a Friend of HSF Sponsor of HSF’s inaugural Finance Conference, an annual event to debut October 21, 2016, which exposes interested HSF Scholars to career opportunities in finance, asset management, private equity, and other finance-related fields.
In addition, Freddie Mac is also a Local Presenting Sponsor of the 2017 Washington, DC College 101 program, a free, bilingual, two-hour program that provides high school students and their parents with valuable information about how best to prepare, plan, and pay for college.