On Wednesday, Freddie Mac and Fannie Mae, largest and top ranked buyers of American home loans, shared that they are looking to ramp up the buying of delinquent loans from mortgage securities pools, in order to effectively bolster their individual financial positions.

Both the firms, which were seized by the Government in September of 2008, stressed that this action would help pull down the funding costs and preserve capital, thereby limiting the amount of added taxpayer funds required.

As of the past year's third-quarter, Freddie Mac had ended up tapping the Government for over $51 Billion in taxpayer funds, which is about $10 Billion less than Fannie Mae.

Freddie Mac shared that it would purchase "substantially all" mortgage loans which are a minimum of 120 days delinquent from its fixed-rate and adjustable-rate securities.

As has been shared by the company, the buyouts "will help Freddie Mac preserve capital and reduce the amount of any additional draws from the U. S. Department of the Treasury".