MCLEAN, VA--(Marketwired - Aug 12, 2014) - The following statement was released today by Dave Lowman, Executive Vice President, Single Family Business, Freddie Mac (OTCQB: FMCC):
"We believe FHFA's request for input is a milestone on the path towards a more competitive and resilient housing finance system. We share FHFA's vision of a more liquid and transparent single security that can make the secondary market even more efficient and keep homeownership within reach of America's working families. Freddie Mac is committed to expanding homeownership opportunities by working with FHFA, Fannie Mae, Common Securitization Solutions and other stakeholders to address the challenges of bringing a Single Security to the market."
For more information, see FHFA Request for Input: Proposed Single Security.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at www.FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog www.FreddieMac.com/blog.