- 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) (FMCKN) provides liquidity, stability, and affordability to the U.S. housing market as a government-sponsored enterprise. The company purchases residential mortgage loans from lenders, guarantees residential mortgage-backed securities, and invests in mortgage-related assets; it offers single-family mortgage guarantees, including conventional conforming loans through its cash and structured securities programs, multifamily lending and securities guarantees for apartment buildings, cooperatives, and manufactured housing communities, and credit risk transfer mechanisms to share mortgage credit risk with private investors. Freddie Mac operates primarily in the United States, with headquarters in McLean, Virginia, where it was founded in 1970 as a subsidiary of the Federal Home Loan Bank System before becoming a publicly traded corporation in 1989 and entering conservatorship under the Federal Housing Finance Agency in 2008, a status that continues as of 2025. Recent major developments include the release of its 2025 Single-Family Credit Insurance Incentive Program to enhance lender participation in credit risk sharing, ongoing implementation of the 2021 Equity Plan to advance equitable housing access amid market recovery efforts, and strategic expansions in multifamily lending volumes supporting affordable housing initiatives in partnership with lenders nationwide. Freddie Mac serves mortgage lenders, investors, and renters across all U.S. regions, focusing on conforming loans up to established limits, with no notable recent acquisitions, funding rounds, or name changes reported in the past two years.