Federal Home Loan Mortgage Corporation
FMCCK
Other OTC15.80
USD
-0.50
- -
CIK
0001026214
ISIN
US3134008305
CUSIP
313400830
Return %
Stock
S&P500
1Y
-11.99
26.53
3Y
605.63
76.60
5Y
59.02
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kenny Smith
- Full Time Employees
- 8,076
- Sector
- Financial Services
- Industry
- Financial - Mortgages
- Address
- 8200 Jones Branch Drive McLean VA United States of America 22102-3110
- IPO Date
- Jul 26, 1999
- CIK
- 0001026214
- Website
- freddiemac.com
- Similar Companies
- Business
- The Federal Home Loan Mortgage Corporation (Freddie Mac) is a congressionally chartered government-sponsored enterprise primarily engaged in purchasing mortgages from lenders and securitizing them into mortgage-backed securities (MBS) for sale on the secondary mortgage market. Its core products and services include buying single-family and multifamily residential mortgage loans; issuing MBS; providing credit enhancements; and managing a comprehensive mortgage portfolio. Freddie Mac’s offerings cater to a wide range of borrowers, including low- and moderate-income households, first-time homebuyers, and multifamily property developers, supporting liquidity and stability in the U.S. housing finance system. The company operates extensively across the United States and targets mortgage lenders, financial institutions, and housing markets nationwide. Founded in 1970 and headquartered in McLean, Virginia, Freddie Mac reported a mortgage portfolio of approximately $3.6 trillion as of 2024, with a net worth near $60 billion. In 2024, the firm demonstrated significant growth with net income reaching $11.9 billion, a 13% increase year-over-year; new business activity expanded by 15% to $346 billion, driven primarily by increased demand for home purchase and refinance loans. Freddie Mac’s single-family mortgage portfolio increased coverage with credit enhancements up to 62%. The multifamily segment notably saw a 67% rise in net income due to higher revenues and securitization activity. Recent strategic developments include partnerships to expand housing access in underserved communities. Notably, Freddie Mac formed a collaboration with the Federal Home Loan Bank of Des Moines to promote the HeritageOne mortgage product tailored for federally recognized Native American tribes, aiming to improve credit access on tribal lands. This initiative is part of a broader strategy alongside Fannie Mae and Federal Home Loan Banks to increase liquidity and awareness for mortgage programs serving tribal and other underserved communities. Additionally, Freddie Mac has enhanced technology to improve loan quality and underwriting efficiency and continues to focus on expanding affordable housing solutions. Freddie Mac remains under the regulatory oversight of the Federal Housing Finance Agency (FHFA), which supervises its operations along with Fannie Mae and the Federal Home Loan Banks to ensure safe, sound, and mission-driven performance in support of the national housing market. The company’s ongoing emphasis is on fostering stable mortgage markets, facilitating housing affordability, and supporting community investment throughout its U.S. operations. In summary, the Federal Home Loan Mortgage Corporation specializes in purchasing and securitizing residential mortgage loans, managing mortgage-related credit risk, and expanding affordable housing opportunities through innovative mortgage products and strategic partnerships. Its recent activities highlight growth in mortgage purchase volumes, heightened income from securitization, and targeted initiatives to serve underserved markets, reinforcing its pivotal role in the U.S. housing finance system.