- 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) (OTC: FMCC) provides liquidity, stability, and affordability to the U.S. housing market as a government-sponsored enterprise chartered by Congress. The company acquires residential mortgage loans originated by lenders; packages them into mortgage-backed securities; guarantees timely payment of principal and interest on its securities; and invests in mortgage loans and mortgage-related securities. Freddie Mac offers single-family guarantee products, including cash and guaranteed REMICs, multisecurity trusts, and RESPA Express offerings; multifamily products such as K-Deals, SB Certificates, and Freddie Mac Multifamily Structured Pass Through Certificates; and capital markets executions like dollar rolls and early funding. It operates primarily in the United States, with headquarters in McLean, Virginia, and was founded in 1970.
Freddie Mac conducts its business through two main segments: Single-family, which supports homeownership by purchasing conventional conforming single-family residential mortgage loans and issuing guaranteed mortgage-related securities; and Multifamily, which increases the availability of affordable rental housing nationwide by purchasing and securitizing multifamily mortgages from lenders. The company serves mortgage lenders, investors, and renters across all U.S. regions, targeting primarily conforming loans under established size limits. Its targeted customers include banks, thrifts, credit unions, and other financial institutions in the primary mortgage market.