Freddie Mac Internship Profile
The Scoop
Freddie Mac is a corporation established by Congress in 1970 to keep money flowing to mortgage lenders in support of home ownership and rental housing. The corporation purchases single-family and multifamily residential mortgages and securities, which it then finances in the capital markets. In September 2008, the federal government placed Freddie Mac under its control. Over the years, Freddie Mac has helped ensure financing for one in six home buyers and more than five million renters.
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