Freddie Mac Announces 2024 Home Possible RISE Award® Winners for Helping Very Low- to Low-Income Homebuyers

Rhea-AI Summary

Freddie Mac announced the winners of its 2024 Home Possible RISE Awards®, recognizing top Sellers for excellence in providing affordable lending solutions for very low- to low-income homebuyers. The awards honor companies committed to sustainable homeownership, with Freddie Mac purchasing over 96,000 Home Possible and HFA Advantage loans in 2023, supporting first-time homebuyers.

Positive

• Recognition of top Sellers for excellence in providing affordable lending solutions

• Commitment to sustainable homeownership for very low- to low-income homebuyers

• Support for first-time homebuyers with 75% of Home Possible mortgages in 2023

• Over 850,000 families assisted with $171 billion in Home Possible and HFA Advantage mortgages since 2015

Negative

• None.

MCLEAN, Va., May 13, 2024 (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 top Sellers across multiple categories for excellence with Freddie Mac’s Home Possible^® and HFA Advantage^® mortgages – the company’s affordable lending solutions for very low- to low-income homebuyers.

“We are proud to honor these Sellers and their work to tackle affordability challenges head-on and help borrowers achieve sustainable homeownership using our Home Possible and HFA Advantage mortgages,” said Danny Gardner, Freddie Mac Single-Family Senior Vice President, Mission and Community Engagement.

This year’s award winners represent national to local lending companies, recognized for their standout loan originations, who are committed to making responsible homeownership a reality for borrowers nationwide.

Freddie Mac purchased over 96,000 Home Possible and HFA Advantage loans in 2023. Of the Home Possible mortgages purchased, 75% supported first-time homebuyers. Freddie Mac has made homeownership possible for more than 850,000 families through $171 billion in Home Possible and HFA Advantage mortgages since 2015.

Eligible organizations must be active Freddie Mac Sellers. Freddie Mac reviewed 2023 data and awarded the top organizations among several categories.

About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

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

FAQ

What are the Home Possible RISE Awards®?

The Home Possible RISE Awards® recognize top Sellers for excellence in providing affordable lending solutions for very low- to low-income homebuyers.

How many Home Possible and HFA Advantage loans did Freddie Mac purchase in 2023?

Freddie Mac purchased over 96,000 Home Possible and HFA Advantage loans in 2023.

How many families have been assisted by Freddie Mac since 2015?

Freddie Mac has assisted over 850,000 families with $171 billion in Home Possible and HFA Advantage mortgages since 2015.