Bay Equity Home Loans Approved by Freddie Mac as a Direct Lender

National Mortgage Professional

May 17, 2013

Bay Equity Home Loans has been approved by Freddie Mac as a direct lender. Chartered by Congress in 1970 and commonly known as Freddie Mac, the FHLMC mission is to provide liquidity, stability and affordability to the U.S. housing market. Approved lenders can help people get lower housing costs and better access to home financing. “With Freddie Mac approval, Bay Equity can help meet the needs of the mortgage market by making homeownership more affordable,” said President Brett McGovern. “By building a comprehensive agency-direct product portfolio, Bay Equity is emerging as one of the strongest and most stable lenders in today’s market.” Through federal programs like Making Home Affordable, Freddie Mac works to reduce the number of foreclosures and help families keep their homes by lowering costs for borrowers and supporting the recovery of the housing market.

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May 17, 2013

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