Federal Home Loan Mortgage Corp - Company Profile
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Federal Home Loan Mortgage Corp (Freddie Mac) is a government-sponsored enterprise that operates in the US housing mortgage market to meet the liquidity requirements of the US residential mortgage market. The company purchases residential mortgages and other mortgage-based securities in the secondary mortgage market and transforms them into the mortgage-related securities for its clients. Freddie Mac finances purchases of its mortgage-related securities and mortgage loans; and also manages its interest rate and other market risks by issuing a variety of debt instruments and entering into derivative contracts in the capital markets. Freddie Mac is headquartered in McLean, Virginia, the US.
Federal Home Loan Mortgage Corp premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Single-Family Mortgages | Assessment Tools | Freddie Mac |
Securitizations | ||
Credit Guarantee | ||
XYZ | ||
XYZ | ||
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In October, the company launched DPA One to help mortgage lenders quickly find and match borrowers to down payment assistance programs nationwide. |
2023 | Contracts/Agreements | In September, the company entered into a partnership with Sperlonga Data & Analytics Systems to build renters’ credit scores. |
2023 | New Products/Services | In August, the company enhanced its automated income assessment tool to include tax transcripts as a new data source. |
Competitor Comparison
Key Parameters | Federal Home Loan Mortgage Corp | Federal National Mortgage Association | Federal Home Loan Banks | Government National Mortgage Association | Rocket Mortgage LLC |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Mclean | Washington | - | Washington | Detroit |
State/Province | Virginia | WashingtonD.C. | WashingtonD.C. | WashingtonD.C. | Michigan |
No. of Employees | 8,004 | 8,100 | - | - | - |
Entity Type | Public | Public | Private | Government | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Lance Drummond | Chairman | Executive Board | 2024 | - |
Michael T. Hutchins | Chief Executive Officer - Interim; President; Director | Executive Board | 2024 | - |
Christian M. Lown | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 53 |
Jerry Weiss | Chief Administrative Officer; Executive Vice President | Senior Management | 2010 | 64 |
Dennis Hermonstyne Jr | Chief Compliance Officer; Senior Vice President | Senior Management | 2022 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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