Freddie Mac (The Federal Home Loan Mortgage Corporation or FHLMC), one of America's biggest buyers of home mortgages, is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Total assets: US$ 2.26 trillion (as of December 31, 2010). Net loss: US$ 14.02 billion (2010).
Freddie Mac conducts business in the U.S. secondary mortgage market – meaning we do not originate loans – and works with a national network of mortgage lending customers. We have three business lines: a Single Family Credit Guarantee business for home loans; a Multifamily business for apartment financing; and an investment portfolio.
HQ: McLean, USA
Founded: 1970
ID: 1268. Updated: 08.08.2012
- Head office: 8200 Jones Branch Drive
McLean, VA 22102-3110 - Phone: (703) 903-2000, toll-free: 1-800-373-3343
- Fax: n/a
- SWIFT: n/a
- Key people: Donald Layton (CEO)
- Company type: Government-sponsored enterprise & Public company (OTCBB: FMCC)
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