HUD Press Releases

MCLEAN, Va., Feb. 14, 2012 /PRNewswire/ — In the fourth quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released today. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.

News Facts

• An increasing share of refinancing borrowers chose to shorten their loan terms during the fourth quarter. Of borrowers who paid off a 30-year fixed-rate loan, 43 percent chose a 15- or 20-year loan, the highest such share since the first quarter of 2003.
• Fifty-eight percent of borrowers who had a hybrid ARM transitioned to a fixed-rate loan during the fourth quarter, while the remaining 42 percent chose to refinance into the same type of product.  

Quotes
Attributed to Frank Nothaft, Freddie Mac vice president and chief economist

• “Fixed mortgage rates averaged 4.00 percent for 30-year loans and 3.30 percent for 15-year product during the fourth quarter in Freddie Mac’s Primary Mortgage Market Survey®, well below long-term averages. The Bureau of Economic Analysis has estimated the average coupon on single-family loans was about 5.2 percent during the fourth quarter of 2011. It’s no wonder we continue to see strong refinance activity into fixed-rate loans.
• “For borrowers motivated to refinance by low fixed-rates, they could obtain even lower rates by shortening their term. Compared to a 30-year fixed-rate mortgage, the interest rate on 15-year fixed was about 0.7 percentage points lower during the fourth quarter.  And for borrowers who plan to remain in their current home for only a few years, the hybrid ARM allows for even a greater interest-rate savings. The initial interest rate on a 5/1 hybrid ARM was about 1.1 percentage points lower than on a 30-year fixed-rate loan.”

Get the latest information from Freddie Mac’s Office of the Chief Economist on Twitter: @FreddieMac

Quarterly Product Transition Information
These estimates come from a sample of properties on which Freddie Mac has funded at least two successive loans and the latest loan is for refinance rather than for home purchase. Some loan products, such as 1-year ARMs and balloons, are based on a small number of transactions. During the fourth quarter of 2011, the refinance share of applications averaged 81 percent in Freddie Mac’s monthly refi survey, and the ARM share of applications was 7 percent in Freddie Mac’s monthly ARM survey, which includes purchase-money as well as refinance applications.

• Quarterly Product Transition Statistics

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.

SOURCE Freddie Mac

For further information: Chad Wandler, +1-703-903-2446, Chad_Wandler@freddiemac.com

Freddie Mac News Releases (Housing and Economic Research)

HUD RELEASES PROPOSED FY2013 BUDGET
Budget plan outlines Administration effort to streamline, strengthen HUD programs to support a growing economy

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today unveiled HUD’s fiscal year 2013 budget proposal. Titled Housing and Communities Built to Last, the budget reflects the President’s vision of an America that can draw strength from its vibrant communities and momentum from a robust housing market.  Read HUD’s proposed FY 2013 budget.

“As the President made clear in his State of the Union address, this is a make or break moment for the middle class– both for those who are in it and for those who aspire to it, said Donovan. “What’s at stake is the survival of the basic American promise – the idea that if you work hard, you can do well enough to raise a family, own a home in a strong, affordable neighborhood, and put a little away for retirement. This budget request reflects the President’s vision, but also reflects the reality that robust growth requires tough choices – doing more with less and holding ourselves accountable for results.”

The Administration’s overall budget outlines the President’s commitment to ensuring every American gets a fair shot, everyone does their fair share, and everyone plays by the same rules. For HUD, that includes:

• Giving Hard-Working, Responsible Americans a Fair Shot – by helping responsible homeowners; by maintaining the Department’s commitment to core rental assistance programs; and by reducing the number of homeless veterans on our streets;
• Ensuring Everybody Plays By the Same Rules – by establishing a Homeowner Bill of Rights; and by bringing HUD-assisted housing into the mainstream of real estate finance;
• Creating New Jobs Here in America to Discourage Outsourcing and Encourage Insourcing– by maintaining funding for job-creating programs like the Community Development Block Grant; and by helping regions reduce the combined cost of housing and transportation to attract private investment and speed economic growth.
• Reforming the Federal Government So It’s Leaner, Smarter, and More Transparent– by streamlining bureaucracy and identifying savings in our largest rental programs; and by making the agency more accountable for results through continued Transformation Initiative investments and the innovative HUDStat performance measurement system.

An economy that meets the needs of the future requires a federal government that is streamlined, transparent and efficient.  This budget continues this Administration’s work to transform how HUD, and the federal government as a whole, does business so that state and local government, private sector, and individual Americans have a real federal partner accountable for measurable outcomes.

HUD’s FY2013 budget includes several proposals to improve the efficiency and effectiveness of HUD programs:

• By merging its Public Housing Operating and Capital Fund programs into a single subsidy stream, HUD proposes to reduce the administrative burden on state and local public housing authorities that provide safe and sanitary housing for 1.1 million of the nation’s poorest families.
• This budget request also outlines a proposal to streamline and enhance the Family Self-Sufficiency program. HUD’s plan would allow PHAs to connect residents in public housing – as well as those who receive housing choice vouchers – to resources and services to find and retain jobs that lead to economic independence and self-sufficiency.
• The budget also includes a series of reforms to HUD rental assistance programs that save over $ 500 million in 2013, without reducing the number of families served – including capping annual increases to Project Based Rental Assistance subsidies; aligning the minimum rent policy across HUD-assisted households; and simplifying how HUD administers deduction for medical expenses.

HUD’s FY2013 budget also reflects the need to ensure that America’s future isn’t built on a mountain of debt. As a down payment toward reducing the deficit, the 2011 Budget   Control Act capped discretionary spending for the next ten years, cutting the deficit by $ 907 billion over 10 years and bringing non-security discretionary spending to the lowest share of the economy since President Eisenhower. HUD’s proposed budget achieves substantial results for vulnerable people and distressed communities in the new fiscal environment.  The budget:

• Maintains housing assistance for all families currently receiving rental subsidies;
• Serves almost 2.5 million families living in public housing and project-based Section 8 developments (over 60% elderly and disabled);
• Supports tenant-based vouchers for more than 2.2 million families (over 45% elderly and disabled);
• Provides 10,000 new vouchers to homeless and funds 5,300 more supportive housing units for the elderly and disabled;
• Enables FHA and Ginnie Mae to continue crucial, temporary countercyclical role, with 1.2 million single family mortgages expected in 2013 and $ 239 billion in new GNMA guarantees;
• Brings private capital back to the market through FHA premium increases and other measures;
• Assists nearly 5.5 million households, over 82,000 more than at the end of fiscal year 2011; and
• Creates or retains 423,000 jobs directly and 360,000 more jobs indirectly.

Added Donovan, “In this new fiscal environment, every department shares a responsibility to make tough cuts so there’s room for investments to speed economic growth. That’s why, while this budget makes those critical investments—from growing neighborhoods of opportunity through our Choice Neighborhoods initiative to restoring Sustainable Communities planning grant funding—it also includes new savings proposals and some very difficult choices we would not have made in a better fiscal environment.”

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the
need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build
inclusive and sustainable communities free from discrimination; and transform the way HUD does business.
More information about HUD and its programs is available on the Internet at www.hud.gov and
http://espanol.hud.gov. You can also follow HUD on twitter @HUDnews, on facebook at
www.facebook.com/HUD, or sign up for news alerts on HUD’s News Listserv.

HUD Press Releases

MCLEAN, Va., Feb. 7, 2012 /PRNewswire/ – Freddie Mac (OTC: FMCC) today announced its sixth offering of Structured Pass-Through Certificates (“K Certificates”) backed exclusively by multifamily mortgages with a 7-year term.  The company expects to offer approximately $ 1.0 billion in K Certificates (“K-706 Certificates”), which are expected to price the week of February 6, 2012, and settle on or about February 28, 2012.  This is Freddie Mac’s second K Certificate offering this year.

The K-706 Certificates will be offered to the market by a syndicate of dealers led by J.P. Morgan Securities LLC and Barclays Capital Inc. as co-lead managers and joint bookrunners for the transaction. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Guggenheim Securities, LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC will serve as co-managers for the transaction. The K-706 Certificates are backed by 61 recently-originated multifamily mortgages and are guaranteed by Freddie Mac. Rating agencies Fitch, Inc. and Moody’s Investors Service, Inc. have been engaged to rate the three senior classes of K-706 Certificates, which are each expected to receive a rating of “AAA(sf)”  and “Aaa(sf)”, respectively, subject to on-going monitoring.  

Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities. They feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-Deals include guaranteed senior and interest only classes. The preliminary offering circular supplement relating to the K-706 Certificates can be found at http://www.freddiemac.com/mbs/data/k706oc.pdf.

Freddie Mac also has a new online tool for investors and analysts, Multifamily Securities Investor Access. This is a central database that houses all post-securitization data from Investor Reporting Packages to help investors and analysts monitor K-Deal performance.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission (“SEC”) on February 24, 2011, and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements.  A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2010 and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s Web site at www.sec.gov.

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. www.FreddieMac.com

SOURCE Freddie Mac

For further information: CONTACT: MEDIA CONTACT: Patti Boerger, +1-703-903-2445, Patricia_Boerger@FreddieMac.com; INVESTOR CONTACT: Mitchell Resnick, +1-571-382-4600

Freddie Mac News Releases (Multifamily)

HUD BUDGET CALLS FOR RENEWAL OF SUSTAINABLE COMMUNITIES GRANTS
$ 100 million in Regional Planning and Community Challenge Grants to improve regional economic
prosperity and build stronger local economies

WASHINGTON – Today, U.S.  Department of Housing and Urban Development (HUD) Secretary Shaun Donovan addressed the National Association of Regional Councils and announced that HUD’s fiscal year 2013 budget proposal includes $ 100 million to fund Regional Planning and Community Challenge Grants.  The grants are part of the Partnership for Sustainable Communities, which is an association between HUD, the U.S. Department of Transportation, and the U.S. Environmental Protection Agency joining the federal government with local partners in taking a pragmatic, regional approach to problem solving that supports local leadership, local resources, and local innovation.

“An American economy built to last needs strong local and regional economies that include a wide range of businesses and attract a diverse workforce,” said HUD Secretary Shaun Donovan.  “The Sustainable Community Grants are a blue print for regional and local governments to plan for their economic future, and in this budget we are seeking restoration of those funds from Congress.”

The Sustainability Grants have been critical to the nation’s economic recovery and over the last two years, HUD has awarded 152 grants, totaling $ 240 million that have in turn secured almost $ 253 million in private investment and commitments from local partners. The communities that have received these grants vary from rural communities in West Virginia and South Dakota to cities like Pittsburgh, Indianapolis, Austin and Memphis; who through these grants have partnered with their local business community to create sustainable economic development plans.

“In Memphis, our Community Challenge Grant has helped the city revitalize the neighborhoods surrounding the airport, while working with local businesses to create an economic development and workforce development plan to help them meet their workforce needs. FedEx has created over 3,000 jobs, and the grant is poised to create another 1,500 by attracting companies like Electrolux, Mitsubishi, and Nucor Steel,” added Donovan.

In his address, Secretary Donovan also unveiled the creation of a Sustainability Resource Center webpage (http://www.huduser.org/portal/sustainability/home.html), which will function as a one-stop resource that highlights projects and best-practices from sustainability projects around the nation. Categories in the Resource Center include: economic competiveness, housing and transportation choices, regional planning, green building and rural and tribal sustainability.

“The Sustainable Communities Resource Center provides information to communities who are interested in implementing these principles, providing an equal playing field for those who want to apply for the grants in 2013, and allowing them to compare their vision to that of other similar cities or regions,” said Shelley Poticha, Director of HUD’s Office of Sustainable Housing and Communities.

HUD’s Community Challenge Grants aim to reform and reduce barriers to achieving affordable, economically vital and sustainable communities. The funds are awarded to communities, large and small, to address local challenges to integrating transportation and housing. Such efforts may include amending or updating local master plans, zoning codes, and building codes to support private sector investment in mixed-use development, affordable housing and the re-use of older buildings. Other local efforts may include retrofitting main streets to provide safer routes for children and seniors, or preserving affordable housing and local businesses near new transit stations.

The Regional Planning Grant program supports regional planning efforts that integrate housing, economic and workforce development, and infrastructure investments to consider how all of these factors work together to create more jobs and economic opportunities. The program will place a priority on partnerships, including the collaboration of regional employers, philanthropy, and traditionally underrepresented groups. Recognizing that areas are in different stages of sustainability planning, HUD has established two categories for the Regional Planning Grant program. The first supports communities that are beginning the conversation about how best to align their housing, transportation, environment, and other infrastructure investments. The second recognizes that some communities have already achieved significant momentum and are prepared to move toward completion and implementation of regional plans for sustainable development.

In FY 2012 Congress did not fund HUD’s Sustainable Community Grants.

For more information about HUD’s Office of Sustainable Housing Communities, please visit http://portal.hud.gov/hudportal/HUD?src=/program_offices/sustainable_housing_communities.

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the
need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build
inclusive and sustainable communities free from discrimination; and transform the way HUD does business.
More information about HUD and its programs is available on the Internet at www.hud.gov and
http://espanol.hud.gov. You can also follow HUD on twitter @HUDnews, on facebook at
www.facebook.com/HUD, or sign up for news alerts on HUD’s News Listserv.

HUD Press Releases

MCLEAN, Va., Jan. 6, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today announced it is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac’s prior approval and up to an additional six months with prior approval.   This means unemployed borrowers may be eligible for up to 12 months of forbearance.  Freddie Mac’s forbearance options are being expanded at the direction of the Federal Housing Finance Agency and will take effect on February 1, 2012.

News Facts:

• Mortgage servicers can now approve unemployed borrowers with Freddie Mac owned- or guaranteed-loans for six months of forbearance without prior approval from Freddie Mac.
• Servicers can extend the forbearance period up to an additional six months with prior Freddie Mac approval, giving eligible unemployed borrowers with Freddie Mac owned- or guaranteed-mortgages up to one year of forbearance.
• The expanded forbearance options will take effect on February 1, 2012.
• Delinquent borrowers in an existing short term forbearance plan can be evaluated for an extended forbearance under the new policy.
• Previously Freddie Mac allowed servicers to grant up to three months of forbearance with no payment and without prior approval, or six months at a reduced payment with prior approval.  Longer forbearance required prior approval and was generally restricted to events such as natural disasters, permanent disability or long-term medical emergencies.
• According to the latest statistics, nearly 10 percent of delinquencies on Freddie Mac mortgages were tied to unemployment. 

Quote:

Attribute to Tracy Mooney, Senior Vice President, Single-Family Servicing and REO, Freddie Mac:

“These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them more time to find new employment and resolve their delinquencies.  We believe this will put more families back on track to successful long-term homeownership.”

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.  For more information, visit www.FreddieMac.com

SOURCE Freddie Mac

For further information: CONTACT: BRAD GERMAN, FREDDIE MAC, (703) 903-2437, Brad_German@freddiemac.com

Freddie Mac News Releases (Servicing)

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE
FOR UTAH STORM VICTIMS
Foreclosure protection offered to displaced families

WASHINGTON–U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe storms in November and December.

Yesterday, President Obama issued a disaster declaration for Davis County. The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in these counties.

“Families who may have been forced from their homes need to know that help is available to begin the rebuilding process,” said Donovan. “Whether it’s foreclosure relief for FHA-insured families or helping these counties to recover, HUD stands ready to help in any way we can.”

HUD is:

• Offering the State of Utah and other entitlement communities the ability to re-allocate existing federal resources toward disaster relief– HUD’s Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars to address critical needs, including housing and services for disaster victims. HUD is currently contacting State and local officials to explore streamlining the Department’s CDBG and HOME programs in order to expedite the repair and replacement of damaged housing; 
• Granting immediate foreclosure relief– HUD granted a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured home mortgages; 
• Making mortgage insurance available– HUD’s Section 203(h) program provides FHA insurance to disaster victims who have lost their homes and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs; 
• Making insurance available for both mortgages and home rehabilitation– HUD’s Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home; and 
• Offering Section 108 loan guarantee assistance– HUD will offer state and local governments federally guaranteed loans for housing rehabilitation, economic development and repair of public infrastructure. 
• Information on housing providers and HUD programs -The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties.  This includes Public Housing Agencies and Multi-Family owners.  The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers.

 Read about these and other HUD programs designed to assist disaster victims.

###

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and http://espanol.hud.gov. You can also follow HUD on twitter @HUDnews, on facebook at www.facebook.com/HUD, or sign up for news alerts on HUD’s News Listserv.

HUD Press Releases

MCLEAN, Va., Jan. 27, 2012 /PRNewswire/ – Freddie Mac (OTC: FMCC) announced today that it priced its new 1% $ 6.5 billion five-year USD Reference Notes® security due on March 8, 2017.  The issue, CUSIP number 3137EADC0, was priced at 99.525 to yield 1.096%, or 32.5 basis points more than five-year U.S. Treasury Notes.  The issue will settle on Monday, January 30, 2012.

The new  five-year Reference Notes security was offered via a syndicate of dealers headed by J.P. Morgan Chase, Deutsche Bank Securities Inc. and Credit Suisse.  An application was made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

This announcement is not an offer to sell any Freddie Mac securities.  Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission (“SEC”) on February 24, 2011, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements.  A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2010 and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s Web site at www.sec.gov.

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.  www.FreddieMac.com

SOURCE Freddie Mac

For further information: MEDIA CONTACT: Michael Cosgrove, +1-703-903-2123, or INVESTOR CONTACT: Sean Forde, +1-571-382-4090

Freddie Mac News Releases (Debt News)

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE
FOR ALABAMA STORM VICTIMS
Foreclosure protection offered to displaced families

WASHINGTON–U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, straight-line winds and flooding last month.

Yesterday, President Obama issued a disaster declaration for Chilton and Jefferson Counties. The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in these counties.

“Families who may have been forced from their homes need to know that help is available to begin the rebuilding process,” said Donovan. “Whether it’s foreclosure relief for FHA-insured families or helping these counties to recover, HUD stands ready to help in any way we can.”

HUD is:

• Offering the State of Alabama and other entitlement communities the ability to re-allocate existing federal resources toward disaster relief– HUD’s Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars to address critical needs, including housing and services for disaster victims. HUD is currently contacting State and local officials to explore streamlining the Department’s CDBG and HOME programs in order to expedite the repair and replacement of damaged housing; 
• Granting immediate foreclosure relief– HUD granted a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured home mortgages; 
• Making mortgage insurance available– HUD’s Section 203(h) program provides FHA insurance to disaster victims who have lost their homes and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs; 
• Making insurance available for both mortgages and home rehabilitation– HUD’s Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home; and 
• Offering Section 108 loan guarantee assistance– HUD will offer state and local governments federally guaranteed loans for housing rehabilitation, economic development and repair of public infrastructure. 
• Information on housing providers and HUD programs -The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties.  This includes Public Housing Agencies and Multi-Family owners.  The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers.

 Read about these and other HUD programs designed to assist disaster victims.

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the
need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build
inclusive and sustainable communities free from discrimination; and transform the way HUD does business.
More information about HUD and its programs is available on the Internet at www.hud.gov and
http://espanol.hud.gov. You can also follow HUD on twitter @HUDnews, on facebook at
www.facebook.com/HUD, or sign up for news alerts on HUD’s News Listserv.

HUD Press Releases

MCLEAN, Va., Jan. 25, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today issued the company’s Monthly Volume Summary for December 2011.

The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies.

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.  www.FreddieMac.com

SOURCE Freddie Mac

For further information: CONTACT: Media: Michael Cosgrove, +1-703-903-2123, or Investors: Linda Eddy, +1-571-382-4732

Freddie Mac News Releases (Investors)