Federal Home Loan Mortgage Corporation
FREJN
Other OTC15.86
USD
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Federal Home Loan Mortgage Corporation
FREJN
(Other OTC)
Recent
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15.86
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yld
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ROIC.AI
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- Business
- The Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise chartered by Congress in 1970 to support the U.S. housing finance system. It primarily functions in the U.S. secondary mortgage market by purchasing single-family and multifamily residential mortgage loans from lenders, which it then packages into mortgage-backed securities sold to global investors. Freddie Mac’s core products include mortgage loan purchases; mortgage-backed securities issuance; risk transfer and credit risk management services; and solutions aimed at liquidity provision, market stability, and affordability enhancement in the housing finance system across the United States and U.S. territories. Freddie Mac provides extensive mortgage liquidity that enables lenders to make home loans accessible with better terms, thereby supporting the housing market’s stability and affordability. Its major service lines encompass single-family and multifamily mortgage loan acquisitions, securitization into mortgage-backed securities, and programs designed to increase access to mortgage financing for underserved communities. It also engages in innovative financial products and partnerships to address affordable housing supply, focusing on incentivizing housing creation, preservation, and rehabilitation. Recent major changes include strategic partnerships announced in late 2024 with the Federal Home Loan Banks to expand mortgage liquidity and housing access, particularly targeting underserved tribal communities. Moreover, Freddie Mac received conditional approval in mid-2024 from the Federal Housing Finance Agency (FHFA) to pilot the purchase of certain single-family closed-end second mortgages, marking an expansion and diversification of its product offerings. The company continues to demonstrate strong financial performance with net revenues of $17.5 billion, net income of $8 billion, a total mortgage portfolio of $3.6 trillion, and liquidity provision of $318 billion as of September 2025, while facilitating homeownership for approximately 1.2 million homes in that period. Headquartered in Tysons, Virginia, Freddie Mac operates throughout the United States, offering its products to lenders without originating loans directly. This positioning places Freddie Mac as a pivotal institution in the U.S. housing finance sector, delivering liquidity, stability, and affordability while adapting its business strategies to evolving market needs and regulatory environments.