Freddie Mac News Release Archive

McLean, Va., Oct., 25, 2022 — Freddie Mac  (OTCQB: FMCC) said today that replacing its current credit score model requirements would help increase the company’s ability to reach more creditworthy borrowers.     Announced Monday by the Federal... More

MCLEAN, Va., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an enhancement to its Condo Project Advisor ® allowing lenders of all sizes to easily request an automated Project Assessment Request” (PAR) to quickly identify if a condominium project meets certain review... More

MCLEAN, Va., Oct. 18, 2022 – Freddie Mac (OTCQB: FMCC) today announced new product enhancements to its Freddie Mac HFA Advantage ® mortgage , allowing lenders to reach more very low-, low- and moderate-income borrowers, including first-time homebuyers, minority communities and underserved... More

Industry-First Capability Will Also Help Lenders Qualify More First-Time and Underserved Borrowers MCLEAN, Va., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Freddie Mac  (OTCQB: FMCC) will increase homeownership opportunities by including a review of a borrower’s bank account data to identify a history of... More

MCLEAN, Va. – Sept. 27, 2022 – Freddie Mac (OTCQB: FMCC) today reminded homeowners and mortgage servicers of its immediate relief options for those who may be affected by Hurricane Ian. Freddie Mac’s short-term forbearance program provides homeowners mortgage relief for up to 12 months without... More

MCLEAN, Va. – Sept. 21, 2022 – Freddie Mac (OTCQB: FMCC) today reminded homeowners and mortgage servicers of its immediate relief options for those affected by Hurricane Fiona. Freddie Mac’s short-term forbearance program provides homeowners mortgage relief for up to 12 months without incurring... More

MCLEAN, Va., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the first servicer to integrate their proprietary system with Freddie Mac’s Resolve® default management tool via an application programming interface (API) is Mr. Cooper.... More

Company will factor on-time rent payments into loan purchase decisions MCLEAN, Va., June 29, 2022 (GLOBE NEWSWIRE) -- Freddie Mac  (OTCQB: FMCC) announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan... More

Multi-Year Plan Outlines Actions to Promote Equitable and Sustainable Access to Housing MCLEAN, Va., June 08, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the company’s first Equitable Housing Finance Plan designed to promote equity and increase sustainable homeownership and... More

Verification of assets, income and employment increases efficiency and reduces risk MCLEAN, Va., May 26, 2022 (GLOBE NEWSWIRE) -- Freddie Mac  (OTCQB: FMCC) has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank... More