Freddie Mac can help you obtain a home mortgage loan.

But while Freddie Mac might sound like a generous uncle, it’s more closely related to Uncle Sam. So what is Freddie Mac, and how does it help you when buying a home?

Freddie Mac is the Federal Home Loan Mortgage Corporation, a private corporation founded by Congress in 1970. Freddie Mac supports the secondary mortgage market by purchasing residential mortgage loans, securitizing them, and selling them to investors (usually through Wall Street).

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