Who regulates Freddie Mac?

Who regulates Freddie Mac?

The Federal Housing Finance Agency (FHFA) ​The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Bank System, which includes the 11 Federal ...

How do I contact Freddie Mac?

Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website.

How do I call Freddie?

Contact Information
TopicDepartmentContact
Consumers with questions related to foreclosure prevention or Making Home Affordable program1 (800) FREDDIEPhone: 1 (800) FREDDIE or (800) 373-3343, press #2 for a customer service representative.
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Is Freddie Mac a good company?

On average, employees at Freddie Mac give their company a 4.0 rating out of 5.0 - which is 3% higher than the average rating for all companies on CareerBliss. The happiest Freddie Mac employees are Technical Analysts submitting an average rating of 4.3 and Information Security Analysts also with a rating of 4.3.

Does Freddie Mac have an acreage limit?

Freddie Mac does not have site size or acreage limitations. However, when a property consists of a large acreage parcel(s) and is in a location where commercial farms or ranches are typical, the Seller needs to perform additional analysis of the property characteristics to make sure the property is residential.

What was the Freddie Mac scandal?

An accounting scandal erupted at the government-sponsored company in June 2003 when it disclosed that it had misstated earnings by some $5 billion — mostly underreported — for 2000-2002 to smooth quarterly volatility in earnings and meet Wall Street expectations.

What is Freddie Mac's phone number?

-3343 Freddie Mac/Customer service

Does Freddie Mac pay well?

How much do people at Freddie Mac get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Freddie Mac is $121,211, or $58 per hour, while the estimated median salary is $129,993, or $62 per hour.

What is it like to work at Freddie Mac?

Productive and fun place to work Very good place to work. FreddieMac makes homeownership and rental housing more accessible and affordable. Operating in the secondary mortgage market.

What is the maximum acreage for a Fannie Mae loan?

Many believe that Fannie Mae has a restriction on properties greater than 10 acres. This is not the case. The acreage alone does not make the property ineligible. The lender/appraiser will look more at what is the intended use of the property and what is typical for the area where the property is located.

Does Freddie Mac require an appraisal?

General appraisal requirements. Freddie Mac requires that the Seller obtain an appraisal report that accurately reflects the market value, condition and marketability of the property. ... Freddie Mac's requirements are supplemental to those of USPAP.

What is the role of Fannie Mae and Freddie Mac?

Fannie Mae and Freddie Mac were created by Congress. They perform an important role in the nation's housing finance system – to provide liquidity, stability and affordability to the mortgage market. ... The Enterprises' support for mortgage lending that finances affordable housing reduces the cost of such borrowing.

Why did Fannie and Freddie Mac fail?

2 But then housing prices declined, and homeowners began defaulting. As a result, this relatively small percentage of subprime loans contributed substantially to the losses. As GSEs, Fannie and Freddie weren't required to offset the size of their loan portfolios with enough capital from stock sales to cover it.

Does Freddie Mac give bonuses?

How much do people at Freddie Mac get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Freddie Mac is $121,211, or $58 per hour, while the estimated median salary is $129,993, or $62 per hour.

How much does Fannie Mae pay?

Fannie Mae Salaries
Job TitleSalary
Senior Manager salaries - 1 salaries reported₹13,37,755/yr
Manager salaries - 1 salaries reported₹30,09,010/yr
Smts salaries - 1 salaries reported₹15,45,499/yr
Software Engineer salaries - 1 salaries reported₹10,000/mo
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Why should I work for Freddie Mac?

You'll enjoy highly competitive and comprehensive benefits, including up to $12,000 toward the purchase of your first home and up to $5,250 per year for education expenses. Freddie Mac will even help you pay down your student loan debt by making contributions totaling up to $9,000 over a five-year period.

Does Freddie Mac have a minimum square footage requirement?

Is there a minimum square footage requirement on manufactured homes? Yes. The manufactured home must be at least 12 feet wide and have a minimum gross of 600 square feet of living area.

Can I order my own appraisal?

A home appraisal can be ordered independently by a homeowner or prospective buyer or it can be ordered by a lender or third-party company. If you need an appraisal, it's important to learn when you can and cannot hire an independent home appraiser.

Can a loan officer order an appraisal?

No. A lender may order appraisals directly from an individual appraiser.