Freddie Mac Announces 2022 Home Possible RISE Award® Winners for Helping Very Low- to Low-Income Homebuyers

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) announced the 2022 winners of its Home Possible RISE Awards, recognizing top clients for their excellence in affordable lending. The program honors lenders who help low-income borrowers achieve sustainable homeownership, especially amid rising home prices. In 2021, Freddie Mac purchased over 130,000 Home Possible loans and has facilitated homeownership for over 643,000 families since 2015. New this year is the Refinance category, rewarding originators with the highest volume and growth in refinance loans.

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• Freddie Mac purchased over 130,000 Home Possible mortgage loans in 2021.
• Facilitated homeownership for over 643,000 families since 2015 through $126.58 billion in Home Possible mortgages.

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• None.

MCLEAN, Va., April 07, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the winners of its Home Possible RISE Awards^®. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac’s top clients across multiple categories for excellence with Home Possible^® mortgages – Freddie Mac’s affordable lending solution for very low- to low-income homebuyers.

“In light of the widespread acceleration of home prices across the country, we honor the extraordinary resilience and dedication of our lender partners in helping borrowers overcome affordability challenges to achieve sustainable homeownership,” said Danny Gardner, Freddie Mac Single-Family Senior Vice President, Client and Community Engagement.

This year’s award winners represent national and local lending companies, as well as their standout loan originators who are committed to making responsible and sustainable homeownership a reality. This year also included the first Home Possible RISE Award for Refinance. This category recognizes those originators who produced the highest volume and percentage growth for refinance loans.

Freddie Mac purchased over 130,000 Home Possible mortgage loans in 2021. In addition, it has made homeownership possible for more than 643,000 families through $126.58 billion in Home Possible mortgages since 2015.

The HFA Advantage^® category reflects only that program volume for the year, whether the winner is a lender or housing finance agency. Lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders and brokers must originate through those Seller/Servicers. Freddie Mac reviewed 2021 data and awarded the top organizations among several categories.

About Freddie Mac

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT:
Chad Wandler
703-903-2446
Chad_Wandler@FreddieMac.com

 

FAQ

What are the Home Possible RISE Awards by FMCC?

The Home Possible RISE Awards recognize Freddie Mac's top clients for excellence in affordable lending through Home Possible mortgages.

Who won the 2022 Home Possible RISE Awards?

The award winners include national and local lending companies and standout loan originators committed to sustainable homeownership.

How many Home Possible mortgage loans did FMCC purchase in 2021?

Freddie Mac purchased over 130,000 Home Possible mortgage loans in 2021.

What is the significance of the new Refinance category in the RISE Awards?

The new Refinance category recognizes originators with the highest volume and growth in refinance loans.