Federal Home Loan Mortgage Corporation
FMCCL
Other OTC13.85
USD
-0.15
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Federal Home Loan Mortgage Corporation
FMCCL
(Other OTC)
Recent
price
13.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise that supports liquidity, stability, and affordability in the U.S. residential mortgage market by purchasing mortgages from lenders, securitizing them into mortgage-backed securities, and providing credit guarantees to investors. Founded in 1970 and headquartered in Tysons, Virginia, the company conducts business through two primary segments: single-family and multifamily. The single-family segment purchases, securitizes, and guarantees conventional conforming single-family mortgages, including fixed-rate and adjustable-rate products such as Home Possible, HomeOne, and Relief Refinance mortgages for low- to moderate-income borrowers, first-time homebuyers, and manufactured homes; it also manages related credit risk and issues mortgage-backed securities traded in the to-be-announced market. The multifamily segment acquires, securitizes, and guarantees loans for apartment buildings and affordable housing properties, offering products like Optigo loans, Q-Series securitizations, and K certificates targeted at workforce housing, properties with lease protections, and resident-owned communities serving households at or below 80% of area median income; it further invests in multifamily loans and securities while issuing corporate debt. Freddie Mac generates revenue primarily through guarantee fees on securitized loans and spreads on mortgage-related investments, serving mortgage lenders, banks, credit unions, and institutional investors nationwide. In recent developments, Freddie Mac continues under Federal Housing Finance Agency conservatorship established in 2008, with FHFA finalizing 2025-2027 affordable housing goals and underserved markets plans emphasizing manufactured housing, rural properties, and lease-up execution enhancements. The company expanded multifamily impact initiatives, recognizing 2025 Impact Sponsors like FCP and partnering on over $373 million in Q-Series transactions for affordable units, while facing leadership transitions including CEO changes in 2025 and appointments such as Matthew Abrusci as General Counsel to align with FHFA scorecards on AI integration and risk management. FHFA also set 2025 multifamily lending caps amid potential IPO discussions, reinforcing Freddie Mac's role in powering loan lifecycle efficiency through technology and seller-focused programs.