- 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
- Jun 20, 2001
- Business
- Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise in the secondary mortgage market in the United States, purchasing, securitizing, and guaranteeing single-family and multifamily residential mortgage loans originated by lenders; it pools these loans into mortgage-backed securities sold to investors, manages mortgage credit and market risk, and invests in mortgage-related securities through its Single-Family and Multifamily segments. Freddie Mac offers products including guarantees on conforming single-family loans up to FHFA-set limits, multifamily financing solutions such as Q-Series securitizations and K-Series deals for stabilized properties, affordable housing programs like Home Possible mortgages with low down payments, and fully guaranteed multifamily securitizations; it targets homeowners, renters, low- and moderate-income families, and multifamily developers across the U.S., with operations supported by regional offices in Atlanta, Chicago, Dallas, Los Angeles, and New York. Founded in 1970 and headquartered in McLean, Virginia, the company remains under FHFA conservatorship since 2008, ranking among the largest U.S. corporations with over $3 trillion in assets under management. Recent developments include FHFA approval in August 2025 for Freddie Mac to consent to Rocket Companies' acquisition of Mr. Cooper Group under strict 20% counterparty concentration limits; a Multifamily business strategy shift in 2025 increasing fully guaranteed securitizations, contributing to Q3 net income of $2.8 billion; rollout of Quality Control Advisor Plus automation platform for Single-Family loans by year-end 2025 to enhance efficiency; and FHFA's announcement of 2026 conforming loan limits rising to $832,750 for one-unit properties, with a ceiling of $1,249,125 in high-cost areas; additionally, FHFA Director Bill Pulte indicated in November 2025 that Freddie Mac is eyeing stakes in technology firms as part of strategic investments.