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…
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Invested $1.7 billion in home loans in Maine
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Secured home loans for 11,751 Maine families
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Financed loans for 5,422 low- and moderate-income Maine families
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Helped 137 Maine families avoid foreclosure
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Funded residential loans with an average mortgage of $144,752
Source: Freddie Mac; (2006 was the most recent data available)
Tags: 2006, Fannie Mae, Freddie Mac, maine, Mortgage