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Measuring the Effect of Homeownership Counseling - Freddie Mac

Measuring the Effect of Homeownership Counseling - Freddie Mac 2025

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The document presents empirical evidence on the effectiveness of pre-purchase homeownership counseling in reducing mortgage delinquency rates. Analyzing data from nearly 40,000 mortgages under Freddie Mac's Affordable Gold program, the study finds that borrowers who received counseling had a 19% lower likelihood of becoming 90-day delinquent compared to those who did not. The effectiveness varied by counseling type, with individual counseling showing the greatest reduction at 34%, followed by classroom (26%) and home study (21%), while telephone counseling showed no significant impact. The findings support the notion that effective counseling can enhance borrower preparedness and mitigate credit risk in affordable lending.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the introduction section, which outlines the purpose of the form. This will help you understand what information is required.
Fill in your personal details in the designated fields, including your name, contact information, and any relevant identifiers related to your homeownership counseling.
Proceed to the sections that ask about your previous experiences with homeownership counseling. Provide detailed responses based on your past interactions.
In the final section, review all entries for accuracy. Use our platform's editing tools to make any necessary adjustments before submitting.

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How do Fannie Mae and Freddie Mac affect the housing market?

Fannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy. The Enterprises support for mortgage lending that finances affordable housing reduces the cost of such borrowing.

How do the actions of Freddie Mac impact the cost and availability of residential mortgages in the United States?

Fannie Mae and Freddie Mac are pivotal in the secondary mortgage market, buying and securitizing mortgages. They ensure a steady flow of mortgage credit, influencing interest rates and availability. Their government sponsorship includes an implicit guarantee and regulatory oversight by bodies like FHFA and HUD.

What is Freddie Macs role in the housing market?

The primary business of Freddie Mac is to purchase loans from lenders to replenish their supply of funds so they can make more mortgage loans to other bor- rowers. Freddie Mac then issues securities backed by pools of these mortgages that it sells to the capital markets.

What is the difference between FHA and Freddie Mac?

One of the most notable differences between Freddie Mac loans and FHA loans is the upfront funding fees and mortgage insurance policies. Both the Home Possible and HomeOne Programs do not require an upfront funding fee or mortgage insurance.