Federal Home Loan Mortgage Corporation PFD
FMCKK
Other OTC12.05
USD
-0.45
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Federal Home Loan Mortgage Corporation PFD
FMCKK
(Other OTC)
Recent
price
12.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, operates primarily in the secondary mortgage market in the United States. Its core products and services include the purchase, securitization, and guarantee of single-family and multifamily residential mortgage loans. The Single-Family segment focuses on purchasing single-family loans, managing mortgage credit and market risk, securitizing loans under the single-family securitization programs, and managing related investment portfolios and treasury functions. It serves mortgage banking companies, commercial banks, regional and community banks, credit unions, housing finance agencies, savings institutions, and non-depository entities. The Multifamily segment purchases, securitizes, and guarantees multifamily loans, issues multifamily K certificates, manages credit and market risk related to these loans, and invests in multifamily mortgage-related securities. It serves a broad array of clients, including banks, insurance companies, money managers, pension funds, REITs, government entities, and brokers/dealers. Freddie Mac operates across the United States with headquarters in McLean, Virginia, and was incorporated in 1970. Recent major company developments include financial performance highlights from 2025 showing a net income of approximately $2.8 billion in the third quarter, a slight year-over-year decline primarily due to increased credit reserves. The company's total mortgage portfolio expanded to $3.6 trillion, reflecting growth in mortgage holdings. Freddie Mac increased net interest income by 8% due to continued mortgage portfolio growth and lower funding costs, though non-interest income fell significantly due to lower revenues from the multifamily segment. Freddie Mac also reported an increase in net worth to nearly $68 billion, underscoring enhanced financial stability. The company completed about 24,000 loan workouts in recent quarters and saw new business activity rise to $94 billion, driven by refinance demand. Additionally, strategic partnerships and transactions continue to support Freddie Mac's multifamily and affordable housing financing; for example, joint ventures and Q-Series securitization transactions have expanded lending capacity. Freddie Mac remains actively engaged in enhancing digital validation processes within loan sales to reduce defect rates, reflecting a broader focus on technology integration and operational efficiency. These developments reflect Freddie Mac’s ongoing role as a key government-sponsored enterprise facilitating liquidity and stability in the U.S. housing finance system through comprehensive mortgage-related products, servicing a wide range of financial institutions and investors in both the single-family and multifamily housing sectors.