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Freddie Mac Salutes its Home Possible RISE Award Winners for Outstanding Work with Mortgages for Low- to Moderate-Income Homebuyers
MCLEAN, Va., May 17, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the winners of its Home Possible RISE AwardsSM. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac’s top clients across multiple categories for excellence with Home Possible® mortgages – Freddie Mac’s affordable lending solution for low- to moderate-income homebuyers. This year’s award winners represent 26 national and local lending companies, as well as their standout loan originators who are committed to making responsible and sustainable homeownership a reality. “The Home Possible RISE Award winners have exceeded all our expectations and, best of all, they are truly making a powerful impact in their communities,” said Danny Gardner, senior vice president of single-family affordable lending and access to credit at Freddie Mac. “We celebrate the efforts of our lenders as they work to create sustainable homeownership for families, which is something that we greatly value.”
*Some Freddie Mac clients won awards in multiple Home Possible categories. “At Guild, we focus on providing innovative programs and products that deliver the promise of home to more potential buyers in the communities we serve,” said Mary Ann McGarry, president and CEO of Guild Mortgage – an award winner of the fastest growth and HFA Advantage categories. “We are honored to work with Freddie Mac to meet a broad range of homebuyer needs, and equally honored to be recognized as a Home Possible RISE Award winner in two categories.” Freddie Mac purchased nearly 150,000 Home Possible mortgage loans in 2018. In addition, it has made homeownership possible for more than 262,000 families through $50 billion in Home Possible mortgages since 2015. “We are incredibly proud of our partnership with Freddie Mac. Together, we’ve helped millions of families achieve their dream of affordable homeownership,” said Chase Home Lending CEO Mike Weinbach. “We are grateful to be recognized for our strong commitment to local communities and for our success in delivering a great experience for our customers.” The awards combine volume from Home Possible and the now-retired Home Possible Advantage mortgage options. The HFA Advantage category reflects only that program volume for the year, whether the winner is a lender or housing finance agency. Lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders and brokers must originate through those Seller/Servicers. Winners will be recognized on Monday, May 20, at the Mortgage Bankers Association’s 2019 National Secondary Market Conference & Expo in New York, NY. Freddie Mac reviewed 2018 data and awarded the top organizations among several categories. About Freddie Mac Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog. MEDIA CONTACTS:
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