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As the housing crisis unfolds, Freddie Mac continues to serve a vital role in the marketplace.
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FHFA Named Conservator of Freddie Mac, U.S. Department of the Treasury to Provide Capital As NeededThe Federal Housing Finance Agency (FHFA) has placed Freddie Mac into conservatorship and appointed David M. Moffett as chief executive officer. In addition, the U.S. Department of Treasury has established a Preferred Stock Purchase Agreement with the company to ensure Freddie Mac can continue to provide stability and liquidity to the U.S. mortgage market. Read statement from FHFA Director James B. Lockhart and Treasury Secretary Henry M. Paulson Jr., as well as a Q&A on the Treasury Senior Preferred Stock Purchase Agreement. Freddie Mac's Hoops for the Homeless® Nets $600,000Thousands of people attended Freddie Mac's Hoops for the Homeless® basketball tournament in Washington, DC to help reduce family homelessness in the region. The event raised $600,000 for six local homeless nonprofits providing support services to homeless families in the DC area. News Releases |
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