Freddie Mac, a US government-backed entity, fuels mortgage markets by buying residential loans and issuing securities.
Founded
1970
Location
McLean, VA, US
Freddie Mac, a government-sponsored enterprise, plays a crucial role in the U.S. mortgage market. The organization purchases single-family and multi-family residential mortgages, creating a continuous flow of funds to mortgage lenders. Freddie Mac primarily finances its operations by issuing mortgage pass-through securities and debt instruments in capital markets.
As a key player in the financial services industry, Freddie Mac focuses on making home ownership possible for families while maintaining market stability. The organization delivers strong financial results and explores innovative ways to promote affordability and sustainability for borrowers and renters. Freddie Mac's activities include launching new financial products, such as Multifamily Giant PCs, and publishing sustainability reports to showcase its commitment to responsible business practices.
Freddie Mac - Quick Facts
When was Freddie Mac founded?
Freddie Mac was founded in 1970.
Where is Freddie Mac's headquarters located?
Freddie Mac's headquarters is located in McLean, VA, US.
How many employees does Freddie Mac have?
Freddie Mac has 7,799 employees as of Feb 6, 2024.
Freddie Mac - Classification
NAICS
522200Nondepository Credit Intermediation
522290Other Nondepository Credit Intermediation
522299International, Secondary Market, and All Other Nondepository Credit Intermediation
522310Mortgage and Nonmortgage Loan Brokers
520000Finance and Insurance
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
SIC
6100Nondepository Credit Institutions
6110Federal And Federally-sponsored Credit Agencies
6111Federal And Federally-sponsored Credit Agencies
6160Mortgage Bankers And Brokers
6163Loan Brokers
ISIC
6492Other credit granting
6499Other financial service activities, except insurance and pension funding activities, n.e.c.
