Question:
Who are the FreddieMac Foundation and what they do?
Answer:The "freddiemac foundation", or rather the Freddie Mac Foundation, is the philanthropic part of Freddie Mac - a major secondary mortgage market player.
The FreddieMac Foundation was established in 1991 and since then they have developed three more specific areas of concern to focus huge amounts of money. These areas of concern are:
- Emergency shelter and transitional housing. This is a program to help families in crisis meet their immediate needs.
- Foster care and adoption - this is an area of concern the FreddieMac Foundation and they dedicate millions to supporting organizations whose goals are to prevent child abuse, find homes to foster children and assist orphan youth reach their potential.
- Academic and career success - the FreddieMac Foundation also helps low income students go through college.
Freddie Mac and the FreddieMac Foundation have invested more than $320 M since they were established. They are considered the largest corporative giver in Washington DC.
Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
Link:
Link:
Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
Link:
Link:
Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Was this Mortgage QnA helpful?
| Not at all | Definitely |
Add to this Answer
Mortgage QnA is not a common forum. We have special rules:
- Post no questions here. To ask a question, click the Ask a Question link
- We will not publish answers that include any form of advertising
- Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
Bookmark and share this QnA:
Common misspellings: mortage and morgage