Federal Home Loan Mortgage Corporation
FMCKM
Other OTC8.95
USD
-0.26
- -
CIK
0001026214
ISIN
US3134006739
CUSIP
313400673
Return %
Stock
S&P500
1Y
-15.80
26.53
3Y
588.46
76.60
5Y
68.55
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- 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
- CIK
- 0001026214
- Website
- freddiemac.com
- Similar Companies
- Business
- The Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise primarily engaged in providing liquidity, stability, and affordability to the U.S. residential mortgage market. It originates revenue chiefly through the securitization of mortgage loans by purchasing single-family and multifamily mortgages from lenders and packaging them into mortgage-backed securities (MBS) guaranteed against credit risk. Freddie Mac offers a comprehensive suite of mortgage products and services, including conventional single-family loans under programs such as Home Possible® and HomeOneSM, construction conversion and renovation mortgages, manufactured home mortgages, and multifamily financing solutions including Optigo® Small Balance and Conventional Loans targeted at market-rate, affordable, seniors, and student housing. Additionally, Freddie Mac supports sellers and servicers through credit risk transfer programs and technology-driven solutions to enhance loan quality and process efficiency. Its operations encompass the U.S. housing market, working closely with housing finance industry participants and regulatory oversight agencies. In terms of recent major developments, Freddie Mac has maintained its role under conservatorship governed by the Federal Housing Finance Agency (FHFA), with loan purchase caps set at $70 billion for multifamily loans in 2024. The company continues emphasizing mission-driven affordable housing, as at least 50% of its multifamily business aligns with this goal. Freddie Mac underscores technology enhancements to boost loan quality throughout the loan lifecycle and prioritizes efficiency and value for its originator partners. There have been no recent name changes but notable strategic shifts include expanding offerings for affordable and workforce housing alongside ongoing partnerships with lenders to broaden access to homeownership and rental housing options. Freddie Mac remains headquartered in McLean, Virginia, and was founded in 1970. It operates through two primary business segments: single-family and multifamily, serving a broad spectrum of customers including first-time homebuyers, renters, and multifamily property owners. Overall, Freddie Mac provides an essential secondary mortgage market function by purchasing mortgages from lenders, securitizing these into MBS, and guaranteeing their timely payment, thereby facilitating liquidity in the mortgage finance system while supporting affordable housing initiatives nationwide.