SEPTEMBER 2023

WE MAKE

HOME

POSSIBLE
Every day, Freddie Mac works to provide liquidity to 

lenders and ensure America’s families have access to 

affordable home financing in all corners of the housing 

market. It is our privilege to have done this work for 

more than 50 years.

We also provide consumers with resources to build their 

credit, tools to help them understand the complexities 

of buying and renting, and options if they fall on times 

of hardship.

The pages that follow highlight how we have put our 

mission into action. They also illustrate the extraordinary 

efforts of our dedicated team members, who are the 

embodiment of Freddie Mac’s mission.

We know our work to support affordable, sustainable 

and equitable housing for families in communities across 

the nation is ongoing and there’s much more to do. Our 

efforts in 2022 represent progress we will continue to 

build on every day to Make Home Possible for all.

Michael DeVito

Chief Executive Officer
CONTENTS

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32

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INNOVATION

HISTORICAL IMPACT

INVESTMENT IN 

OUR PEOPLE

06

08

25

2022 IMPACT

WHAT WE DO

CONSUMER EDUCATION
695k

96%

$15b

27k

300k+

CONSUMER OUTREACH 

AND EDUCATION

MULTIFAMILY

Rental units financed.

Of apartments financed are 

affordable to moderate- and 

low-income renters.

Provided in financing to 

nearly 139,000 rent-restricted 

affordable units. 

Formerly credit invisible 

renters helped through 

establishing credit scores.

Consumers reached through 

Freddie Mac’s education and 

counseling initiatives.

2022 BY THE NUMBERS

2.5m

$614b

$6.1b

1m

440k

488k

Homes made possible 

for families.

OVERALL

SINGLE-FAMILY

In liquidity provided to 

the housing market.

In Single-Family Green 

Mortgage Backed Securities 

and Multifamily Impact 

Bonds issued. 

Single-Family home 

purchases financed.

First-time 

homebuyers helped.

Minority borrower home 

purchases or refinances, 

accounting for more than 30% 

of Single-Family acquisitions.

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Making Home Possible 

for Owners and Renters

WHAT

WE DO
Berum as et ut aceste 

eiur, omnisime quo te 

cum lab in rehenimpor 

autem ius min nobis 

sundust rumquist, te 

net volo et,

How One Homebuyer Achieved 

His Goal of Homeownership

MEMPHIS

MAKE 

IT

IN

11
Nicholas Whiteside’s homeownership 

journey began after graduating from Fisk 

University in 2021, when he purchased his 

first home in the same Memphis community 

where he grew up. 

While in college, Whiteside was introduced 

to money management and homebuying 

resources through a campus program 

supported by Freddie Mac. Through that 

program and CreditSmart

®, Freddie Mac’s 

free online financial education curriculum, 

Whiteside saw the resources available to 

him as a first-time homebuyer and used them 

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I want to show the 

people who grew up 

with me, the people 

in my community 

and those in similar 

communities who may 

be looking for rays of 

hope, that it is possible 

to build your life to 

where you want it.

Nicholas Whiteside

Homeowner

to purchase his first home. He qualified for 

Freddie Mac’s Home Possible

® mortgage, a 

loan designed to help low- and very lowincome homebuyers by requiring only a 3% 

down payment. 

Whiteside became a homeowner at 

age 22 and now works to connect young 

borrowers like him to our free resources 

as well as Freddie Mac’s Borrower Help 

Center network, offering free assistance 

that includes a full suite of financial 

education and mortgage help services. 

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UNHOUSED IN HOLLYWOOD

How Supportive Housing is Combating 

Homelessness in LA

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The Residences on Main, a permanent 

supportive housing development in the Skid 

Row neighborhood of Los Angeles, offers 

safe, sustainable housing and services to 

people who are unhoused. The Freddie Macfinanced project provides services to help 

residents become self-sufficient through job 

counseling, career support and an array of 

mental and physical supportive services.

Ruth Campbell found herself caring for her 

six grandchildren, between the ages of 7 

and 17, as well as her adopted daughter 

with special needs. Campbell could no 

longer make ends meet until she discovered 

The Residences on Main, where she found 

stability for the first time in years. With that 

newfound stability, Campbell now gives back 

by volunteering at homeless shelters and 

empowering those around her. 

The funding that goes into 

project-based buildings 

is pivotal for people 

experiencing homelessness.

James Battee

Housing Counselor

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Raising Home Values by 

Investing in Overlooked 

Communities 

BALTIMORE

BLOCKBY-BLOCK

IN

20 21
Supported by Freddie Mac’s Block-by-Block 

initiative, HomeFree-USA purchases blocks 

of neglected homes to remodel and sell 

at affordable prices. This increases muchneeded supply by improving the values of 

other homes in the neighborhood. Through 

the initiative, 14 aging homes have been 

purchased on a single block in Baltimore. 

After Block-by-Block’s work was complete, 

one of the renovated homes sold for 

more than five times a neighboring home’s 

recently appraised value. On top of the 

wealth-building benefits of the initiative, 

investments in often overlooked areas 

can make a difference in the lives of current 

and prospective homeowners. 

This being my grandparents’ 

home, I was eager to take a 

chance. When you see work 

being done, and then people 

actually buying the houses 

and moving in — it was worth 

it for us to stay.

Yvonne Gunn

Homeowner

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INNOVATION

CONSUMER

EDUCATION

Responsibly Expanding 

Access to Credit 

We have worked to increase fairness and 

expand access to credit, particularly for 

historically underserved borrowers. For 

example, our automated underwriting 

system, which is currently used to verify 

assets, income and employment, can now 

look at bank account data to identify a 

history of on-time rent payments and positive 

cash flow activity as part of the company’s 

financing decisions. 

In 2023, we will continue enhance these 

efforts, which should result in approximately 

17,000 additional Black and Latino borrowers 

accepted per year, relative to years past.

Borrower Help Centers

We work with borrower help centers 

and renter resource organizations to 

provide housing assistance, financial 

counseling, legal aid and training. These 

efforts focus on people of color through 

in-person workshops and interactive 

one-on-one coaching.

Through these initiatives,

we served over 300,000 

consumers in 2022, 

nearly 80% of whom were 

people of color.

WHAT WE DO

Credit Building for Renters

Our credit building initiative aims to help 

renters improve their credit scores by 

encouraging multifamily property owners to 

report on-time rent payments to the major 

credit bureaus. 

184K renter households have enrolled in the 

program since it launched in late 2021.

27K new credit scores were created for 

renters who where previously credit invisible.

46pts average increase in existing credit 

scores for renters participating in the initiative. 

CreditSmart

®

For more than 20 years, Freddie Mac has 

been at the forefront of borrower education 

with our CreditSmart suite of financial 

capability and homeownership education 

resources. More than 5 million consumers at 

various life stages have benefitted from this 

free, multilingual resource. Last year, nearly 

140,000 more consumers benefited from 

CreditSmart and in the coming year, our new 

Spanish curriculum will reach even more 

consumers in underserved communities.

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OUR 

PEOPLE

Investment in Our People 

and Broader Communities

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Freddie Mac’s diversity, equity and inclusion 

(DEI) efforts seek to further our mission by 

cultivating a united, engaged community of 

diverse individuals who see and embrace the 

value in one another’s differences.

Our employees define the character of our 

workplace community. In fact, 44% of the 

company belongs to at least one Business 

Resource Group — smaller communities or 

groups that provide people a sense of home 

while driving business results. 

INTERNALLY

“GREENING”

 OUR OFFERINGS

OUR PEOPLE

Impact Bonds

Comprising of Green, Social and 

Sustainability Bonds, Multifamily Impact 

Bonds target a specific impact area that 

relates to environmental or social challenges. 

As of December 2022:

Green: Environmental impact in workforce 

housing - $5 billion total issuance.

Social: Looking deeper into our mission of 

supporting affordable housing by supporting 

social impact financial institutions - 

$4.6 billion total issuance.

Sustainability: Supporting sustainable 

communities by financing affordable 

housing - $5.4 billion total issuance.

We are a majority-minority 

company, with 57% of the 

company identifying as a 

racial or ethnic minority, 

and 44% of our employees 

are women.

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COMMUNITY 

CREW

Freddie Mac’s corporate 

community engagement and 

volunteerism program is committed 

to serving the communities where 

we live, play and work. 

2.2m 2k+ 4.5k+

In matching gifts Meal kits (Capital 

Area Food Bank)

Hours volunteered

1k+ 60k+ 120+

Charities supported Meals donated (Capital Area 

Food Bank via U.S. Hunger)

Stuffed backpacks donated 

(DC Area Schools)

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For over five decades, we have 

provided more than $13 trillion to 

make home possible for nearly 

90 million owners and renters. 20.9m

Affordable homes 

financed since 1990 

6.9m

First-time homebuyers 

served since 1990 

75.7m

Single-family homes 

financed since 1970 

$12.7t

Single-family loan 

funding since 1970 

HISTORICAL 

IMPACT AT 

A GLANCE

12.7m

Multifamily rental units 

financed since 1993 

$15b

In Impact Bonds 

issued since 2019 

$833.8b

Multifamily rental 

funding since 1993

7.3m

Affordable rental units 

financed since 2010 

1.7m

Foreclosure prevention 

provided since 2012 

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Annual Housing Activities 

Report 2022

This report details our annual housing 

activities and performance set against the 

housing goals established by the Federal 

Housing Finance Agency. It describes our 

2022 impact, including the ways in which 

Freddie Mac made home possible for renters 

and borrowers; supported the creation, 

preservation and rehabilitation of affordable 

and workforce housing; and increased 

opportunities for diverse and emerging 

lenders and market participants. 

Diversity Equity and Inclusion (DEI) 

Strategic Plan 2023–2025

This three-year strategic plan enhances 

Freddie Mac’s DEI foundation, cultivating 

DEI both within our doors and throughout 

the housing industry. We are doing this by 

focusing on three areas: reflect the people 

we serve, increase equitable opportunities 

and build community.

Duty to Serve Plan 2022–2024

This plan was developed under the guidance 

of the Federal Housing Finance Agency to 

make financing of manufactured housing and 

rural housing easier for families with very low, 

low and moderate income, and to preserve 

the affordability of these homes over time.

To learn more about 

our impactful work, the 

following reports are 

available.

Equitable Housing Finance Plan 

Performance Report 2022

In this performance report, we review the 

actions taken and results attained 

through our Equitable Housing Finance

Plan initiatives, which seek to improve 

equitable and sustainable housing outcomes 

for renters and potential homeowners 

throughout the country.

Multifamily Impact Bonds 

Report 2022

This annual report details the Multifamily 

division’s successful efforts to issue Green, 

Social and Sustainability Bonds. These 

bonds continue to support multifamily 

properties that address persistent housing 

challenges, particularly environmental 

and social issues, and provide additional 

transparency to investors.

Single-Family Green MBS Impact 

Report 2022

This report demonstrates the impact of 

Freddie Mac’s Single-Family issuance of 

Green mortgage-backed securities (MBS) 

and Green MBS Framework. These tools 

promote environmentally sustainable singlefamily housing to help reduce climate-related 

risks and increase affordability. 

Sustainability Report 2022

This report provides details about the 

company’s 2022 sustainability strategy, 

management, activities and performance, 

and describes how we bring our mission of 

Making Home Possible to life.

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