Freddie Mac – A Look At The Numbers

The collapse of the mortgage market has hammered mortgage giants Fannie Mae and Freddie Mac, both of which are in line for big federal bailouts. Here’s a snapshot of Freddie Mac’s mortgage business in Maine. (Fannie Mae does not break down its numbers by state.)

 

In 2006, Freddie Mac…

  • Invested $1.7 billion in home loans in Maine
  • Secured home loans for 11,751 Maine families
  • Financed loans for 5,422 low- and moderate-income Maine families
  • Helped 137 Maine families avoid foreclosure
  • Funded residential loans with an average mortgage of $144,752

Source: Freddie Mac; (2006 was the most recent data available)

Advertisements