![]() ![]() In response to the COVID-19 pandemic, Fannie Mae and Freddie Mac issued a moratorium on foreclosure and eviction that was to run through March 31, 2021.Lenders use the money they get from selling mortgages to Fannie Mae and Freddie Mac to originate more loans, which helps individuals, families, and investors access a stable supply of mortgage money.Instead, they buy mortgages from lenders to hold or repackage as mortgage-backed securities that they can sell. Neither organization originates or services loans.Congress chartered Freddie Mac in 1970 as a private company. ![]() ![]() ![]() government in 1938 to help boost the mortgage market.
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