Federal Home Loan Mortgage Corporation
FMCKI
Other OTC7.08
USD
-0.05
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Federal Home Loan Mortgage Corporation
FMCKI
(Other OTC)
Recent
price
7.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Federal Home Loan Mortgage Corporation (Freddie Mac) is a government-sponsored enterprise specializing in the secondary mortgage market in the United States. The company primarily purchases residential mortgages, pools them, and sells mortgage-backed securities (MBS) to investors. Its core products and services include single-family mortgage purchase and securitization; multifamily loan financing and securitization; mortgage servicing and credit enhancements; and affordable housing finance solutions aiming to improve access to mortgage credit across diverse U.S. regions. Freddie Mac also offers risk management products and tools to lenders and investors and supports the housing finance market through loan purchase commitments and securitization programs. Founded in 1970 and headquartered in Tysons, Virginia, Freddie Mac operates nationally with a focus on increasing liquidity, stability, and affordability in the U.S. housing finance system. It provides financing for millions of homebuyers and renters annually, including a significant share of low- to moderate-income families. In 2024, the company financed over 1 million mortgages for single-family homes and 553,000 rental units in multifamily housing, with a strong emphasis on affordability and credit quality. Recent major developments include raising the conforming loan limit for mortgage acquisitions by more than $40,000 for 2024 to $766,550 for one-unit properties, reflecting broader housing price appreciation trends. Freddie Mac also reported increased new business activities in 2024, with a 15% year-over-year growth in mortgage acquisitions and a 35% increase in multifamily financing activity. The company enhanced its credit enhancement coverage to 62% of its single-family mortgage portfolio and introduced advanced technology platforms to boost loan quality and operational efficiency. These changes demonstrate Freddie Mac’s strategic focus on expanding affordable housing finance, improving loan quality, and maintaining a stabilizing role in the evolving mortgage market environment. Freddie Mac is regulated by the Federal Housing Finance Agency (FHFA) and remains a critical player in U.S. housing finance, facilitating capital flow from investors to mortgage lenders and contributing to broader economic stability. Its business model and recent strategic shifts support its mission to make homeownership and rental housing more accessible and sustainable across the nation.