Freddie Mac Approves Foundation Financial Group for Loan Servicing

Financial services company enters into partnership with loan giant

News provided by

Mar 18, 2011, 07:35 ET

JACKSONVILLE, Fla., March 18, 2011 /PRNewswire/ -- One of the nation's fastest-growing financial services companies is now a Freddie Mac mortgage servicing company.

Foundation Financial Group's new partnership with Freddie Mac, the government-backed organization that helps American families obtain affordable housing, is a great step for the mortgage side of Foundation Financial Group.

"This is an important move for us, as we expand this year," said CEO Mark W. Boyer. "Freddie Mac offers Foundation Financial Group an additional channel to increase our servicing portfolio."

Chartered by the U.S. Congress in 1970, Freddie Mac supports liquidity and stability in the secondary mortgage market. Freddie Mac's credit guarantee business purchases residential mortgages and mortgage-related securities in the secondary mortgage market, securitizes these mortgages and subsequently sells them to investors as mortgage-backed securities.

In order to become a Freddie Mac loan servicer, Foundation Financial Group must meet certain technology, staffing and training requirements. One advantage of partnering with Freddie Mac is the ability to help obtain housing for some families who would normally be turned down by conventional mortgage providers.

About Foundation Financial Group

Foundation Financial Group, one of the nation's fastest-growing financial services companies, specializes in mortgage lending, property and casualty insurance, life insurance, wealth management, retirement planning, personal taxes and corporate tax services. Expanding in 2011, Foundation Financial Group operates six regional centers in Atlanta; Charlotte, N.C.; Jacksonville, Fla.; Raleigh, N.C.; Rochester, N.Y.; and Savannah, Ga. Foundation Financial Group maintains mortgage operations headquarters in Atlanta and executive headquarters in Jacksonville. Founded in 1998 in Atlanta, Foundation Financial Group offers mortgage refinancing and first-time buyer lending through traditional financing, as well as Federal Housing Administration and other government-backed home loan programs. Foundation Financial Group enjoys an industry-leading Federal Housing Administration compare ratio and an A+ rating from the Better Business Bureau, the highest accreditation the BBB gives. For more information, call 866-334-1001 or go to http://www.ffg.com.