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real estate resources - review |
 Think of Freddie Mac as Fannie Mae's kid brother.
Both corporations buy home loans from lenders and bundle them into mortgage-backed
securities for sale on Wall Street. But Freddie doesn't have quite as high a profile as
its sister agency.
Mortgage shoppers who compare the companies' Web sites will likely get a sense for that
fact, too. While Freddie Mac's online home has some consumer resources available, they
aren't as comprehensive as those offered by Fannie Mae. The "Homebuyers"
section, for example, has a FAQ section dealing with mortgage lending and secondary
markets, an online pamphlet about home inspections and a separate area with information
about credit reports and credit scoring. But a large part of the site caters to investors
and mortgage lenders rather than house hunters. Those areas provide information about
Freddie Mac's financial condition, underwriting software and loan guidelines.
Consumers who do stay and visit shouldn't have any trouble navigating the site. A bar down
the left side of most pages contains links back to the investor, home buyer and lending
sections. With scant graphics, the site also loads quickly
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