San Francisco, CA (PRWEB) May 16, 2013
Bay Equity Home Loans is approved by the Federal Home Loan Mortgage Corporation (FHLMC) 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.
About Bay Equity
Bay Equity is a full-service wholesale and retail mortgage lending institution founded and headquartered in the heart of San Francisco’s Financial District. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area. Bay Equity also has operations centers in Concord, California, Corona, California, Lake Forest, California, Fresno, California, Portland, Oregon, Tacoma, Washington and Everett, Washington and 64 retail branch offices on the West Coast. In addition, Bay Equity has wholesale account executives covering the Western States. To learn more about Bay Equity, please visit our website at http://www.bayequityllc.com.