Company Overview

Business Description

Sector
Financials
Industry
Financial Services
Headquarters
United States of America US
Employees
7 345
IPO date
Jan 23, 1985

Federal Home Loan Mortgage Corp., better known as Freddie Mac, is a mortgage finance company that helps keep home loans flowing in the U.S. housing market. It does not usually make loans directly to homebuyers. Instead, it buys mortgages from lenders, pools them into mortgage-backed securities, and guarantees those securities for investors.

Its main customers are mortgage lenders, banks, and investors in home-loan securities. Lenders use Freddie Mac to free up capital so they can keep making new mortgages. Investors buy the securities for a stream of payments backed by home loans, while Freddie Mac earns money from guarantee fees, investment income, and other mortgage-related service fees.

Freddie Mac sits in the middle of the housing finance system, connecting lenders, borrowers, and capital markets. That role makes its business different from a normal bank: it does not mainly earn money by taking deposits and making loans one by one, but by packaging, guaranteeing, and supporting mortgage funding for the market.

Federal Home Loan Mortgage Corp Investor Relations

Address
8200 Jones Branch Dr
McLean, Virginia
United States of America

Business Segments

Single-Family

Buys and guarantees mortgages on homes with one to four units, then packages those loans into mortgage-backed securities or keeps them in its portfolio.

Customers and revenue model

Multifamily

Provides financing for apartment buildings and other rental housing properties, often by buying or securitizing mortgages made on those properties.

Customers and revenue model

Capital Markets

Description, customers and revenue model

Management

Dr. Michael Thomas Hutchins

President

Biography unavailable

Ms. Heidi Mason J.D.

Executive VP & General Counsel

Biography unavailable

Mr. Anil D. Hinduja MBA

Executive VP & Chief Risk Officer

Biography unavailable

Ms. Diana W. Reid

CEO & Director

Biography unavailable

Mr. James Whitlinger

Senior VP & Interim CFO

Biography unavailable

Mr. Frank Nazzaro

Executive VP of Enterprise Operations & Technology

Biography unavailable

Mr. Jerry Weiss

Executive VP & Chief Administrative Officer

Biography unavailable

Mr. Jeffrey Markowitz

Senior VP of External Relations & Corporate Communications

Biography unavailable

Mr. Dennis Hermonstyne

Senior VP & Chief Compliance Officer

Biography unavailable

Mr. Steve Johnson

Interim Head of Production & Sales

Biography unavailable

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