Federal Home Loan Mortgage Corporation PFD 5.30%
FREJP
Other OTC13.94
USD
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Federal Home Loan Mortgage Corporation PFD 5.30%
FREJP
(Other OTC)
Recent
price
13.94
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Federal Home Loan Mortgage Corporation (Freddie Mac) operates as a government-sponsored enterprise in the U.S. secondary mortgage market, purchasing single-family and multifamily residential mortgage loans originated by lenders; securitizing these loans into mortgage-backed securities sold to global investors; and providing guarantees on principal and interest payments for these securities. The company conducts its activities through two primary segments: Single-Family, encompassing the purchase, securitization, and guarantee of single-family loans, investments in related securities, and management of associated credit and market risks; and Multifamily, including the purchase, securitization, and guarantee of multifamily loans such as those for affordable housing, seniors housing, student housing, and manufactured housing communities, along with investments and risk management for these portfolios. Freddie Mac offers specialized multifamily financing products, including Small Balance Loans for properties with 5+ units up to $7.5 million, Fixed-Rate Conventional Loans for market-rate and affordable properties, and Float-to-Fixed-Rate Loans providing initial variable rates transitioning to fixed; it also publishes the weekly Primary Mortgage Market Survey tracking national average mortgage rates. Founded in 1970 by Congress through the Emergency Home Finance Act and headquartered in McLean, Virginia, Freddie Mac maintains regional offices in Atlanta, Chicago, Dallas, Los Angeles, and New York, serving housing markets across the United States and its territories with a focus on liquidity, stability, and affordability for renters, homebuyers, and owners. The company supports underserved markets through its Duty to Serve plans, emphasizing rural housing, manufactured housing, affordable housing preservation, and shared equity homeownership initiatives. In recent developments, the Federal Housing Finance Agency raised Freddie Mac's multifamily loan purchase cap to $73 billion for 2025, a 4% increase from 2024, excluding workforce housing, amid expectations of hitting lending limits while innovating to compete with debt funds. Freddie Mac launched Quality Control Advisor Plus, an automated platform to streamline single-family loan quality control processes, with full lender availability by year-end 2025, enhancing operational efficiency amid housing finance reform discussions. Under new Chairman William J. Pulte since 2025 and in alignment with the Trump administration's pro-housing priorities, the company faces potential strategic shifts including privatization considerations, a possible initial public offering as early as late 2025 or early 2026, and FHFA's proposed 2026-2028 strategic plan emphasizing supply-side goals, technology modernization, and anti-fraud measures.