- 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 1, 2010
- Business
- Federal Home Loan Mortgage Corporation (Freddie Mac) is a government-sponsored enterprise engaged primarily in the secondary mortgage market in the United States. Founded in 1970 and headquartered in Tysons, Virginia, Freddie Mac operates through two main business segments: Single-Family and Multifamily. The company purchases residential mortgages, securitizes them, and sells mortgage-backed securities (MBS) to private investors, thereby enhancing liquidity and stability in the U.S. housing finance system. Its core products include Single-Family mortgage acquisitions and securitizations; Multifamily mortgage loans financing rental housing; mortgage-backed securities issuance; and a suite of digital tools and mortgage products designed for lenders serving various borrower types. Freddie Mac primarily focuses on conventional conforming loans, including those for primary residences, second homes, and investment properties, as well as multifamily rental properties with a significant emphasis on affordability and low-income housing.
Recent major changes include a significant increase in multifamily business activity, exemplified by a rise in new multifamily business volume to $25 billion in the third quarter of 2025, driven by a larger originations market and enhanced competitive strategies. The company also expanded its conventional financing options to include modern single-section factory-built homes and increased the annual Low Income Housing Tax Credit equity cap from $1 billion to $2 billion, enabling more investment in affordable rental housing. Freddie Mac continues to enhance its digital mortgage tools, which generate cost savings for lenders, and reported approximately $6 billion in loan workouts in the third quarter of 2025 to assist families in retaining homeownership. Additionally, Freddie Mac is advancing efforts to broaden home and rental availability nationwide while maintaining credit quality through credit enhancements covering 90 percent of its multifamily mortgage portfolio.
Freddie Mac operates nationwide, providing liquidity to mortgage lenders and supporting the housing finance market for both purchase and refinance mortgage loans. It serves a broad customer base, including primary homebuyers, renters, multifamily property owners, and lenders across the United States. The company remains under the oversight of the Federal Housing Finance Agency and continues to contribute to the secondary mortgage market with a mission to expand homeownership and affordable rental housing opportunities through innovative financial products and strategic partnerships.
This description reflects Freddie Mac's business activities, product offerings, and the latest operational developments as of late 2025.