Freddie Mac partners with financial services firm to provide more affordable housing

The partnership allows the firm to scale its mortgage options

Freddie Mac partners with financial services firm to provide more affordable housing

Florida-based Triad Financial Services has announced a partnership with Freddie Mac, which allows it to increase borrower access to affordable housing.

Freddie has approved Triad as a qualified mortgage seller and servicer, enabling Triad to "scale its real property lending solutions to help meet the nation's affordable housing needs," according to Steven Hudson, CEO of Triad's parent company, ECN Capital.

“We are thrilled to partner with Freddie Mac in support of its mission to empower homeownership,” said Michael Tolbert, president of Triad.

“Manufactured housing provides a vital solution to affordable housing in the US,” said Mike Dawson, vice president of strategy and policy for Freddie Mac’s single-family business. “We’re excited to partner with Triad Financial to help increase borrower access to quality yet affordable homes in markets that have traditionally been underserved for those seeking homeownership.”