Freddie Mac Announces 2024 Home Possible RISE Award? Winners?for Helping Very Low- to Low-Income Homebuyers

BY GlobeNewswire | AGENCY | 05/13/24 09:00 AM EDT

MCLEAN, Va., May 13, 2024 (GLOBE NEWSWIRE) -- Freddie Mac today announced the winners of its Home Possible RISE Awards?. The annual program, RISE (Recognizing?Individuals for?Sustained?Excellence), salutes top Sellers across multiple categories for excellence with Freddie Mac?s Home Possible? and HFA Advantage? mortgages ? the company?s affordable lending solutions for very low- to low-income homebuyers.

?We are proud to honor these Sellers and their work to tackle affordability challenges head-on and help borrowers achieve sustainable homeownership using our Home Possible and HFA Advantage mortgages,? said Danny Gardner, Freddie Mac Single-Family Senior Vice President, Mission and Community Engagement.

This year?s award winners represent national to local lending companies, recognized for their standout loan originations, who are committed to making responsible homeownership a reality for borrowers nationwide.

Freddie Mac purchased over 96,000 Home Possible and?HFA Advantage loans in 2023. Of the Home Possible mortgages purchased, 75% supported first-time homebuyers. Freddie Mac has made homeownership possible for more than 850,000 families through $171 billion in Home Possible and HFA Advantage mortgages since 2015.

Eligible organizations must be active Freddie Mac Sellers. Freddie Mac reviewed 2023 data and awarded the top organizations among several categories.

About Freddie Mac
Freddie Mac?s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Chad Wandler
703-903-2446
Chad_Wandler@FreddieMac.com

Image: https://www.globenewswire.com/newsroom/ti?nf=OTExNjA5MSM2MjQ3ODI2IzIwODExNTY=
Image: https://ml.globenewswire.com/media/ZTQyMWYzNzYtYjFhNS00MmRlLTljODMtYzE0YWRjMzRlYzQ2LTEwOTI3Mjc=/tiny/Freddie-Mac.png

Image: Primary Logo

Source: Freddie Mac

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article