MCLEAN, Va., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the winners of its Home Possible RISE AwardsSM. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac’s top clients across multiple categories for excellence with Home Possible® mortgages – Freddie Mac’s affordable lending solution for very low- to low-income homebuyers.
“The Home Possible RISE Award winners go above and beyond as partners in our mission to make home possible for families across the country,” said Danny Gardner, Senior Vice President, Client and Community Engagement. “We celebrate the efforts of these lenders to support their communities in expanding responsible, sustainable homeownership.”
This year’s award winners represent national and local lending companies, as well as their standout loan originators who are committed to making responsible and sustainable homeownership a reality.
Freddie Mac purchased over 121,000 Home Possible mortgage loans in 2019. In addition, it has made homeownership possible for more than 454,000 families through $87.5 billion in Home Possible mortgages since 2015.
The awards combine volume from Home Possible and the now-retired Home Possible Advantage® mortgage options. The HFA Advantage category reflects only that program volume for the year, whether the winner is a lender or housing finance agency. Lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders and brokers must originate through those Seller/Servicers. Freddie Mac reviewed 2019 data and awarded the top organizations among several categories,
About Freddie Mac
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.