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Corporate Facts

About Freddie Mac
Founded By Congress in 1970 to provide liquidity, stability and affordability to the U.S. housing market.
Corporate Headquarters McLean, VA with regional offices in Atlanta, Chicago, Dallas, Los Angeles and New York
Employees 6,000
CEO Donald H. Layton
Stock Trading Market OTCQB (Symbol: FMCC)
Business Lines
President Obama's Making Home Affordable Program
  • Participant in helping homeowners with Freddie Mac-owned mortgages to refinance or modify their mortgages
  • Compliance agent for foreclosure avoidance activities
Regulation & Oversight
  • Regulated by the Federal Housing Finance Agency (FHFA) for safety and soundness, and mission; FHFA placed Freddie Mac into conservatorship in September 2008
  • Statutory and FHFA-directed capital requirements (currently suspended during conservatorship); Treasury providing additional capital as needed to maintain positive net worth
  • Regulated by HUD for fair lending issues
  • U.S. Department of Treasury has approval authority over issuances of notes, debentures, unsecured debt obligations and new types of mortgage-related securities
Community Investments
  • Community investments create and preserve affordable housing, prevent foreclosures, and strengthen communities.
Highlights – Full Year Ending December 31, 2016
Liquidity Provided to Market $456 billion
Number of Homes Financed
  • 745,000 single-family home purchases
  • 937,000 single-family refinances
  • 739,000 units of multifamily rental housing
Credit Quality of 2016 Loans
(weighted average)
  • 748 average FICO
  • 74% OLTV
Borrowers Who Avoided Foreclosure 69,000
Single-Family Delinquency Rate 1.00%
Multifamily Delinquency Rate .03%
Selected Financial Data – Full Year Ending December 31, 2016
Net Income (loss) $7.8 billion
Comprehensive Income (loss) $7.1 billion
Senior Preferred Stock Purchase Agreement

Cumulative Treasury Draw Request
Cumulative Dividend Paid*

$71.3 billion
$105.9 billion*
Mortgage-Related Investments Portfolio
Decline in Less Liquid Assets

$298 billion
$21.7 billion

*Includes the scheduled March 2017 dividend obligation of $4.5 billion

Updated: February 16, 2017

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