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MCLEAN, VA--(Marketwired - Dec 2, 2013) - The following statement was released today by Paige Wisdom, Executive Vice President and Chief Enterprise Risk Officer at Freddie Mac (OTCQB: FMCC):
"The updated master policy for mortgage insurance announced today builds on the market reforms of the past five years, and we were happy to work with FHFA to bring about this latest step toward greater operational efficiency and transparency in the mortgage market. Mortgage insurance plays a critical role in making homeownership possible for families who cannot make 20 percent downpayments when they buy a home. We look forward to working with our servicers and the nation's mortgage insurers as they adopt the new master policy."
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 homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com. Twitter: @FreddieMac
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.
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