From the daily archives: Thursday, April 1, 2010

SAN DIEGO – California Attorney General Edmund G. Brown Jr. today released a report, including newly obtained videotapes, that shows some members of the community organizing group ACORN engaged in “highly inappropriate behavior,” but committed no violation of criminal laws.

Brown’s report also uncovered “likely violations” of state law, including dumping 500 pages of confidential records into a Dumpster, failure to file a 2007 tax return, and four instances of possible voter registration fraud by ACORN in San Diego in connection with the 2008 election, as well as other irregularities in the group’s California operations. These irregularities have been referred to the appropriate authorities.

“A few ACORN members exhibited terrible judgment and highly inappropriate behavior in videotapes obtained in the investigation,” Brown said. “But they didn’t commit prosecutable crimes in California.”

Last September, Gov. Schwarzenegger asked Brown to investigate the activities of ACORN in California. His request was triggered by tapes made by undercover videographer James O’Keefe III that purported to show ACORN employees providing advice on how to conduct a prostitution ring and commit other serious crimes.

But new, unedited videotapes discovered through Brown’s investigation, as well as other evidence, shed clearer light on interactions between O’Keefe and the now-defunct ACORN.

Videotapes secretly recorded last summer and severely edited by O’Keefe seemed to show ACORN employees encouraging a “pimp” (O’Keefe) and his “prostitute,” actually a Florida college student named Hannah Miles, in conversations involving prostitution by underage girls, human trafficking and cheating on taxes. Those videos created a media sensation.

Evidence obtained by Brown tells a somewhat different story, however, as reflected in three videotapes made at ACORN locations in California. One ACORN worker in San Diego called the cops. Another ACORN worker in San Bernardino caught on to the scheme and played along with it, claiming among other things that she had murdered her abusive husband. Her two former husbands are alive and well, the Attorney General’s report noted. At the beginning and end of the Internet videos, O’Keefe was dressed as a 1970s Superfly pimp, but in his actual taped sessions with ACORN workers, he was dressed in a shirt and tie, presented himself as a law student, and said he planned to use the prostitution proceeds to run for Congress. He never claimed he was a pimp.

“The evidence illustrates,” Brown said, “that things are not always as partisan zealots portray them through highly selective editing of reality. Sometimes a fuller truth is found on the cutting room floor.”

The original storm of publicity created by O’Keefe’s videotapes was instrumental in ACORN’s subsequent denunciation in Congress, a sudden tourniquet on its funding, and the organization’s eventual collapse.

In New Orleans, O’Keefe faces a maximum sentence of six months in prison and a fine of $5,000 on reduced federal charges related to misrepresentation in gaining access to the Louisiana office telephones of U.S. Senator Mary Landrieu.

Brown’s report found numerous faults with ACORN’s activities in California, including:

– Failure to “recruit, train and monitor its employees to ensure compliance” with state law.

– Likely violation of state civil laws designed to protect personal information when employees of the San Diego office disposed of 20,000 pages of records in a dumpster. These violations could result in private litigation if any of the victims were injured by disclosure.

– Four instances of “possible voter registration fraud in San Diego in connection with the 2008 election.”

– Failure to file a 2007 state tax return, an omission the Franchise Tax Board is pursuing.

– Sloppiness in its handling of charitable assets, although no misuse of those assets was found. The California Attorney General will monitor investigations into ACORN’s overall finances by the IRS and Louisiana Attorney General.

ACORN announced that it is closing its operations nationwide today. While a successor to ACORN in California called ACCE emphasizes that it is no longer part of ACORN, the Attorney General’s report notes that ACCE is “run by the same people, raising concerns about its ability to cure the defects in the organization.” The report notes that the Attorney General will closely scrutinize ACCE’s operations.

The full Attorney General’s report is attached. The unedited O’Keefe videotapes from California are available on the Attorney General’s website at http://ag.ca.gov/newsalerts/multimedia/index.php. Tapes from other states are available on request.

 

Nogales, Ariz. – U.S. Customs and Border Protection (CBP) officers in Nogales arrested an elderly woman carrying 10.5 pounds of marijuana strapped to her body

On Tuesday, March 30, CBP officers working the Morley Pedestrian Gate encountered a 94-year-old Mexican woman from Nogales, Sonora, walking into the United States for a day of shopping. A CBP officer became suspicious and referred the woman for further inspection. A thorough inspection resulted in the discovery of 10.5 pounds of marijuana strapped to the woman’s body from her torso to her legs.

The marijuana, six bundles with an estimated street value of $5,250 was seized. The woman was turned over to the custody of U.S. Immigration and Customs Enforcement special agents for further investigation. A criminal complaint is simply the method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until competent evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

The Office of Field Operations is responsible for securing our borders at the ports of entry. U.S. Customs and Border Protection Officers’ primary mission is anti-terrorism; they screen all people, vehicles, and goods entering the United States, while facilitating the flow of legitimate trade and travel into and out of the United States. Their mission also includes carrying out traditional border-related responsibilities, including narcotics interdiction, enforcing immigration law, protecting the nation’s food supply and agriculture industry from pests and diseases, and enforcing trade laws. While anti-terrorism is the primary mission of U.S. Customs and Border Protection, the inspection process at the ports of entry associated with this mission results in impressive numbers of enforcement actions in all categories.

U.S. Customs and Border Protection is the unified border agency within the Department of Homeland Security charged with the management, control and protection of our nation’s borders at and between the official ports of entry. CBP is charged with keeping terrorists and terrorist weapons out of the country while enforcing hundreds of U.S. laws.

 

City of Holtville

Monday,

March 29

POWER TOOLS:

Someone called police to report that his power tools had been stolen during the night. The caller was unsure if anything else was missing. The caller was advised on his options.

TWO BROTHERS, TWO POINTS OF VIEW:

Someone called police requesting information on placing a restraining order on his brother. Both brothers were contacted by officers, and both gave a different story. The two subjects were advised of their options.

ON THE WAY:

Someone called police to report a homeless man loitering in the are of a local business. The subject had been asked to leave and refused, but he eventually complied. The caller was advised to call back should he return.

SNAKES, I HATE SNAKES:

Someone called police to report finding a small, reddish-brown snake in a flower bed while doing some gardening. The snake was removed and the caller was advised to call back if she spotted any more snakes.

Tuesday,

March 30

POOR TABLE:

Someone called police to report that a subject had vandalized one of the concrete benches in Holt Park.  The type of vandalism was not specified. A report of the incident was taken.

TRAVEL TRAILER

ATTENTION:

Someone called police to report three subjects watching him as he parked his RV. The caller is worried that they may be up to no good. Police agreed to provide extra patrols for the area.

WELFARE CHECK:

Someone called police to report that their mother has not responded to multiple phone calls. Police performed a welfare check on the woman and found her to be okay.

Wednesday,

March 31

WATER LOGGED:

Someone called police to report a water outage in the area. The caller believes that it may be due to a ruptured water line. Public works was informed of the situation.

JIGGLE AND RUN:

Someone called police to report a suspicious subject trying to open car doors in the area. The subject was gone before an officer arrived. The caller was advised to call back should he return.

WIFE VERSUS HUSBAND:

A female subject called police to report having a fight with her husband. The husband was gone by the time police arrived and the caller was advised to contact Woman Haven if she continues to have problems with her husband.

City of El Centro

March 26

BETWEEN BROTHERS:

A mother called police to report that her son, who she didn’t want at the residence, had come home and started a fight with his brother. The young man left the locale after being contacted by officers. The caller was advised of her options.

MOM AND KID BONDING TIME:

Someone called police to report a mother and daughter having a loud argument that had turned into a skirmish. The caller also stated that she had heard them throwing things around the house. The 22 year-old-daughter was separated from her mother by officers. Both subjects were counseled and advised to take their problems to a civil court.

CAN’T WE ALL JUST GET ALONG?:

Someone called police to report that his brother is intoxicated and causing problems at the residence.  The young man left to stay at a friend’s home for the night.

Saturday,

March 27

MOVE IT ALONG:

Someone called police to report a white, Ford pick-up truck blocking their driveway. The driver was no where to be found. After a few moments, the owner of the vehicle did show up. Officers warned him not to park in front of driveways.

PROWLERS:

Someone called police to report spotting 3 or 4 prowlers in their back yard. The caller stated that they all fled seconds before an officer could arrive on scene. Police were not able to locate any of the subjects.

Sunday,

March 28

SURPRISE:

Someone called police to report arriving home to find her home burglarized. Nothing was found missing, but several windows had been broken and the front door had been vandalized. The caller also reported finding a note addressed to her son. A report was taken of the incident.

NOT A GOOD PROWLER..:

Someone called police to report a subject with a flashlight snooping around in alleys in the area. Officers were not able to locate the subject, and asked people in the neighborhood to keep an eye out and call back should they return.

LOUD:

Someone called police to report loud music coming from a residence down the street. Officers made contact with the neighbors and they agreed to turn the music down. The caller was advised to call back should it happen again.

Monday,

March 29

HAVE BEEN DRINKING:

A mother called police to report that her two sons were arguing with her and throwing things around the house. The caller admitted that she had been drinking. All of the involved parties were counseled by an officer.

POOR K-9:

Someone called police to report that their neighbor had left their dog outside without any food or water. Animal control was not notified and the situation was handled.

Tuesday,

March 30

WORRIED:

Someone called police to report two large dogs running loose in the area. The caller stated that he had a lot of children at the location for a birthday party, and he was worried about their safety. Animal control was notified and handled the situation.

RECKLESS:

Someone called police to report a male subject on a motorcycle driving recklessly and speeding in the area. Officers were not able to locate the man. The caller was advised to call back should he return.

City of Brawley

Friday,

March 26

BROKEN INTO:

Someone called police to report having a stereo faceplate and a few CDs stolen from his vehicle. The estimate value of the items was not reported. The caller was advised of his options.

ARGUMENTS AND BROKEN ITEMS:

Someone called police to report a couple arguing, throwing things, and being aggressive. The couple was separated, but the caller is worried that they may start up again. They were both counseled.

THREATS:

Someone called police to report that his brother had threatened to break the windows of his vehicle, slash his tires, and steal his stereo. The caller was advised of his options.

Saturday,

March 27

VENDETTA:

Someone called police to report that a female subject, who she had had a small argument with earlier, had just driven by and thrown a beer bottle at her. The caller was advised of her options.

BOOK IT!:

Someone called police to report an unknown subject crawling into their home through a window and trying to get into a bedroom. The subject took off running before officers arrived.

Sunday,

March 28

WHILE I WAS GONE:

Someone called police to report hearing noises at the home of a neighbor who is out of town. Officers investigated and found that the home had been burglarized. Several items were found to be missing.

THERE ARE BETTER WAYS:

Someone called police to report a neighbor throwing dog waste into the street and onto his car. The neighbor was warned to use the correct trash bins for the dog waste. He complied.

Monday,

March 29

JAMMING:

Someone called police to report a neighbor playing a drum set and keeping him from resting. The neighbor was  contacted and complied when asked to pack it up. The caller was advised of his options.

TOUGH DOG:

Someone called police to report that a loose Rottweiler had got into their backyard and was trying to attack the caller’s dog. The caller’s dog ran into the house and was not injured. The Rottweiler was retrieved by its owner. The owner was advised to keep the dog in its pen or on a leash.

Tuesday,

March 30

CAUGHT IN BETWEEN:

Someone called police to report a male subject hanging out in the middle of traffic. The caller was afraid that the man could get run over. The subject was contacted and advised to stay on the sidewalks.

OUT OF LINE:

Someone called police to report that her ex-boyfriend was at her home, and she didn’t want him there. The caller stated that she was afraid he was going to hit her. The situation handled and the caller was advised to get a restraining order against her ex.

City of Calexico

March 26

SIBLING FIGHT:

Someone called police to report two siblings arguing in public. The caller stated that the argument was quickly escalating into a shoving match. Both subjects were counseled and asked to keep away from each other. They complied.

GRUMPY PAN HANDLER:

Someone called police to report a male subject panhandling in the area and yelling at people who refuse to give him change. The 45-year-old, homeless man was asked to leave the area by an officer. He complied.

BROKEN GLASS:

Someone called police to report that a side window on his vehicle had been broken some time during the night. The caller was advised of his options and a report was taken.

Saturday,

March 27

DISTURBING THE PEACE:

Someone called police to report a mother and son arguing loudly. The caller didn’t know what the two were arguing about. The two subjects were counseled.

MOVE IT ALONG:

Someone called police to report a 45-year-old male subject under the influence of alcohol was on a street corner yelling and preaching. The man was sent on his way. The caller was advised to call back should he return.

Sunday,

March 28

RACING:

Someone called police to report a subject in a white, lifted, Chevrolet truck racing other vehicles up and down the street. The caller is concerned for any traffic in the area. Officers were unable to locate the vehicle. The caller was advised to call back should they return.

REFUSING TO LEAVE:

Someone called police to report a group of young people skateboarding in the area. The caller has asked them to leave, but they refuse. An officer made contact with the youngsters and sent them home.

Monday,

March 29

MOTHER AND DAUGHTER:

Someone called police to report having an intense argument with her daughter about how she is raising her own baby daughter. Both parties were counseled by officers.

JUMPING FENCES:

Someone called police to report that a male subject had just jumped a fence into his back yard and appears to be taking some kind of shortcut. The caller was advised to call back should they return.

Tuesday,

March 30

CAUSING RUCKUS:

Someone called police to report that their daughter is arguing and trying to pick fights with the entire family. When they asked her to leave, she only became more irate. She was finally sent on her way by an officer.

ESCORTED:

Someone called police to report a drunk, male subject yelling, cursing and acting violently. The caller had asked the subject to leave, but he refused. Officers informed the man that he was trespassing and escorted him off the property without a physical confrontation.

 

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.08 percent with an average 0.7 point for the week ending April 1, 2010, up from last week when it averaged 4.99 percent.  Last year at this time, the 30-year FRM averaged 4.78 percent.

The 15-year FRM this week averaged 4.39 percent with an average 0.6 point, up slightly from last week when it averaged 4.34 percent.  A year ago at this time, the 15-year FRM averaged 4.52 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.10 percent this week, with an average 0.6 point, down from last week when it averaged 4.14 percent.  A year ago, the 5-year ARM averaged 4.92 percent.

The 1-year Treasury-indexed ARM averaged 4.05 percent this week with an average 0.6 point, down from last week when it averaged 4.20 percent.  At this time last year, the 1-year ARM averaged 4.75 percent.

(Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.)

“Interest rates for fixed mortgages rose this week following a run up in long-term bond yields, while ARM rates eased slightly,” said Frank Nothaft, Freddie Mac vice president and chief economist.  “Rates on 30-year fixed loans were the highest since the starting week of this year.

“Home-price declines continue to moderate with more metropolitan areas showing stabilizing or rising values.  Compared with one year ago, house prices were down 0.7 percent in January 2010 in the S&P/Case-Shiller® 20-City Composite Index, which was the smallest 12-month decrease since January 2007.  Nine of the cities experienced positive growth, led by San Francisco’s 9.1 percent annual gain. Recently, the Mortgage Insurance Companies of America reported that homeowners who moved out of default outnumbered those who became newly delinquent in February, which was the first such occurrence since March 2006.”

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. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

Summary of Survey Results

Fixed-Rate Mortgages
Average Conventional
30-Year Commitment Rate
Fees & Points Average Conventional
15-Year Commitment Rate
Fees & Points
US 5.08 0.7 4.39 0.6
Northeast 5.11 0.6 4.44 0.6
Southeast 5.06 0.7 4.39 0.7
N. Central 5.16 0.4 4.41 0.4
Southwest 5.02 0.6 4.36 0.6
West 5.04 0.9 4.35 0.8
Five/One-Year Adjustable-Rate Mortgages
First Commitment Rate Fees & Points Margin
US 4.10 0.6 2.75
Northeast 4.25 0.5 2.74
Southeast 3.84 0.6 2.75
N. Central 4.23 0.4 2.74
Southwest 4.14 0.5 2.76
West 4.04 0.7 2.75
One-Year Adjustable-Rate Mortgages
First Commitment Rate Fees & Points Margin
US 4.05 0.6 2.75
Northeast 3.92 0.5 2.73
Southeast 3.98 0.7 2.75
N. Central 4.30 0.2 2.73
Southwest 4.10 0.7 2.77
West 4.05 0.9 2.75

Freddie Mac defines its regions as follows:

Northeast: NY, NJ, PA, DE, MD, DC, VA, WV, ME, NH, VT, MA, RI, CT
Southeast: NC, SC, TN, KY, GA, AL, FL, MS, PR, VI
North Central: OH, IN, IL, MI, WI, MN, IA, ND, SD
Southwest: TX, LA, NM, OK, AR, MO, KS, CO, NE, WY
West: CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU

Freddie Mac’s Primary Mortgage Market Survey (PMMS) is for informational purposes only and Freddie Mac is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available from any lender. Freddie Mac may change the methodology used to conduct the PMMS at any time and without notice.

Definitions

Commitment Rate is the interest rate a lender would charge to lend mortgage money to a qualified borrower exclusive of the fees and points required by the lender. This commitment rate applies only to conventional financing on conforming mortgages with loan-to-value rates of 80 percent or less.

ARM Index – is the One-year Treasury

Loan to Value Ratio (LTV) is the ratio of the loan amount of a mortgage loan to the lower of the appraisal value or purchase price of the property securing the loan.

Origination Fees and Discount Points are the total charged by the lender at settlement. One point equals one percent of the loan amount.

Margin is a fixed amount added to the underlying index to establish the fully indexed rate for an ARM.

Weighted Averages for the Primary Mortgage Market Survey have been adjusted as of December 17, 2009. The new weights use the dollar volume of conventional first-lien mortgage originations within the 1-unit Freddie Mac loan limit as reported under the Home Mortgage Disclosure Act (HMDA) for 2008. The weights are listed in the table below.

Freddie Mac Region PMMS Weights
Northeast 26.0
Southeast 16.7
North Central 15.9
Southwest 13.2
West 28.2


Primary Mortgage Market Survey Results
April 1, 2010

30-Year Fixed Rate Mortgages
US NE SE NC SW W
Average 5.08 5.11 5.06 5.16 5.02 5.04
Fees & Points 0.7 0.6 0.7 0.4 0.6 0.9
15-Year Fixed Rate Mortgages
US NE SE NC SW W
Average 4.39 4.44 4.39 4.41 4.36 4.35
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.8
5/1-Year Adjustable Rate Mortgages
US NE SE NC SW W
Average 4.10 4.25 3.84 4.23 4.14 4.04
Fees & Points 0.6 0.5 0.6 0.4 0.5 0.7
Margin 2.75 2.74 2.75 2.74 2.76 2.75
1-Year Adjustable Rate Mortgages
US NE SE NC SW W
Average 4.05 3.92 3.98 4.30 4.10 4.05
Fees & Points 0.6 0.5 0.7 0.2 0.7 0.9
Margin 2.75 2.73 2.75 2.73 2.77 2.75

The National Mortgage Rate Snapshot
One Year Ago One Week Ago
30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.78 4.52 4.92 4.75 4.99 4.34 4.14 4.20
Fees & Points 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6
Margin N/A N/A 2.74 2.76 N/A N/A 2.74 2.75
 

Freddie Mac, New Vista to Auction Hundreds of Homes on April 24 in Las Vegas, April 25 in California’s Inland Empire Before Federal Homebuyer Tax Credit Expires Auctions to Support Federal Neighborhood Stabilization Program, Offer Eligible Buyers Downpayment, Closing Cost Assistance, 2-Year Home Warranty

Freddie Mac (NYSE:FRE) and New Vista today announced plans to auction hundreds of HomeSteps® REO homes to individual homebuyers in Las Vegas on April 24, 2010 and in California’s Inland Empire on April 25, 2010 in support of the federal Neighborhood Stabilization Program (NSP) and to help more first time homebuyers and owner occupants purchase these homes. HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes.

Under the 2009 Neighborhood Stabilization Program, homebuyers are eligible for closing costs and down payment assistance when they buy foreclosed or abandoned homes in designated communities that were hit hard by the housing downturn. This federal assistance combined with the federal tax credit will provide the buyer with significant financial advantage in purchasing HomeSteps homes.

The Las Vegas and Inland Empire Community Auctions for first-time homeowners and borrowers currently eligible and approved for the NSP program are scheduled to start at 9:30 am. HomeSteps and New Vista plan to hold separate afternoon auctions for bidders who do not qualify for the NSP program but intend to occupy the homes as their principle residences.

By scheduling these two auctions on April 24 and 25, bidders may still be able to qualify for the federal home purchase tax credit, which is set to expire on April 30, 2010. The tax credit offers eligible first time homebuyers up to $8,000 on qualifying homes.

Homebuyers at the NSP auctions will also benefit from HomeSteps’ existing SmartBuy® program. Under SmartBuy, HomeSteps will pay up to 3.5 percent of the closing costs and offer a two-year limited home warranty on homes sold as primary residence to eligible buyers when the purchase price is equal to or greater than $25,000. The limited warranty, provided through Cross Country Home Services, covers electrical, plumbing, heating and air conditioning, ductwork, and major appliances. (See homesteps.com for details.)

The HomeSteps homes that will be auctioned have been removed from the market, inspected, repaired, and are ready for sale in “as is” condition.

Auctions that Build New Opportunities for New Homeowners

“Freddie Mac’s first-time homebuyer auctions in Las Vegas and in California’s Inland Empire builds on our long-standing effort to use our REO inventory to foster new opportunities for new homeowners and shows another way Freddie Mac is working to achieve the Obama Administration’s goals of stabilizing and reviving impacted communities,” said Ingrid Beckles, Senior Vice President, Default Asset Management at Freddie Mac.

“Together with today’s low mortgage rates, these April auctions will enable Las Vegas and Inland Empire families to take advantage of the unique convergence of opportunities that make HomeSteps homes exceptionally attractive values,” said Chris Bowden, vice president of HomeSteps. “Working with New Vista underscores Freddie Mac’s commitment to manage its REO inventory in a way that helps stabilize communities, fosters homeownership opportunities, and responsibly safeguards tax dollars.”

“Owner-occupants are the key to revitalizing and strengthening neighborhoods that have been hard hit by the economy,” said Jim Park, CEO of New Vista. “Working with Freddie Mac, New Vista has created a one day homebuyer event that gives first time and owner occupant buyers an exclusive opportunity to purchase HomeSteps homes. These unique events will help turn hundreds of foreclosed properties into homes for many deserving families.”

Open House, NSP Auction Schedules in Las Vegas, Inland Empire

New Vista will hold open houses on April 10 and April 17 – 18 in Las Vegas and the Inland Empire so interested buyers can tour the HomeSteps homes before the April 24 and 25 auctions. Potential buyers can also find property descriptions at auction.com/ .

The Las Vegas Community Auctions for NSP eligible borrowers will be held at the Cashman Center on April 24, and the Inland Empire Community Auction will be held at the Riverside Convention Center on April 25. Registration will open at 8:00 am. The NSP auctions are scheduled from 9:30 to 11:00 am. Auctions for borrowers who aren’t eligible for the NSP program will be held in the same locations from 1:30 pm to 4:00 pm.

New Vista is also scheduling homebuying seminars for interested bidders to better prepare them for homeownership and will perform home inspections to ensure the homes are in good condition.

For more information about HomeSteps homes visit www.HomeSteps.com.

Established in 2007, New Vista was founded by two multicultural real estate leaders: Gary Acosta and Jim Park. With the largest national network of multicultural real estate brokers, New Vista provides a full service REO marketing and asset management services that supports community stabilization and owner occupancy execution for many of the top mortgage providers in the nation.

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. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

 
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