1. Home
2. Finance
3. Ask An Expert

Freddie Mac: The Federal Home Loan Mortgage Corporation

Frequently Asked Questions about Freddie Mac

• What does Freddie Mac do?
  Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
• Does Freddie Mac make loans to consumers?
  No. Freddie Mac does not make loans directly to homebuyers. Our primary business is to purchase loans from lenders to replenish their supply of funds so that they can make more mortgage loans to other borrowers. Learn more about Freddie Mac’s role in helping families own or rent a home.
• How do I know if Freddie Mac owns my loan?
  You can find out if Freddie Mac owns your loan by using our self-service loan look-up tool.
• How can I find information about Freddie Mac's foreclosed properties?
  HomeSteps is the real estate sales unit of Freddie Mac. HomeSteps® offers a free search and information service for homebuyers and real estate professionals. Freddie Mac also has a limited inventory of apartment properties for sale.