- 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 25, 2007
- Business
- Federal Home Loan Mortgage Corporation (Freddie Mac; OTCQB: FMCC) operates as a government-sponsored enterprise in the U.S. secondary mortgage market, purchasing single-family and multifamily residential mortgage loans from lenders, securitizing them into mortgage-backed securities, and providing credit guarantees to investors; its core offerings include single-family products such as conforming fixed-rate and adjustable-rate mortgages, Home Possible mortgages for low- to moderate-income borrowers, HomeOne for first-time homebuyers, Relief Refinance and other refinance options, manufactured home mortgages, and shared equity homeownership financing, alongside multifamily financing for affordable rental housing, workforce housing, and properties serving underserved markets including rural and manufactured housing communities. Headquartered in McLean, Virginia, and founded in 1970 under the Emergency Home Finance Act, Freddie Mac conducts operations nationwide through its Single-Family and Multifamily segments, targeting homeowners, renters, buyers, and institutional investors while emphasizing liquidity, stability, and affordability in housing finance. Recent developments include a FHFA-set $73 billion multifamily loan purchase cap for 2025, a 34% year-over-year increase in 2024 multifamily production volume to $66 billion, $56 billion in multifamily securities issued via its risk transfer platform in 2024, expansion of the appraisal waiver program to 90% loan-to-value effective March 2025, a pilot program approved in 2024 for purchasing closed-end second mortgages to support rural and underserved borrowers, heightened activity toward multifamily lending caps amid discussions of a potential initial public offering under the current administration, and collaborations such as with ICE Mortgage Technology for lending efficiency and partnerships with Impact Sponsors to finance over 2,800 new affordable rental units in 2025.