Freddie Mac history

The pair were subject to restrictions on the size of loans they could purchase: the upper limit was $108,300 in 1983.

In 1984, Freddie Mac topped the $100 billion mark for home financing.

In 1988, he told Fortune magazine, "Freddie Mac is a triple dip.

In 1989, the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”) revised and standardized the regulation of Fannie Mae and Freddie Mac.

Beginning in 1990, savings banks and S&Ls would be required to hold bigger reserves against loan losses on ordinary mortgages as opposed to holdings of securitized mortgages, creating another economic incentive to deal in the secondary market.

Freddie Mac earned $555 million in 1991.

$691.1 billion in total multifamily loan funding since 1993

Freddie Mac launched an automated underwriting service, the Loan Prospector, in 1995.

On a side note, ex-Speaker of the House Newt Gingrich joined Freddie Mac as a consultant during 1999.

Anticipating a housing expansion during the first decade of the 21st century, Freddie Mac in July 2001 announced plans to raise $2 trillion in funding.

In 2007 the Federal Housing Reform Act transferred these responsibilities to the new Federal Housing Finance Agency.

To prevent further losses that would worsen the crisis and damage the United States economy, both corporations were placed under the conservatorship of the United States government in September 2008, though neither was legally entitled to any direct government backing, insurance, or support.

At year-end 2019, our LIHTC equity investments totaled $1 billion.