2005 Annual Report
The complete report has been divided into four segments for easier online viewing and printing.
To our Stockholders:
2005 was a year of continuing progress for Freddie Mac.
Overall, our business performed well. We were successful in improving our position with customers, meeting extraordinary mission demands, and strengthening our capital position and balance sheet. We grew our mortgage portfolio and our share of the market. At the same time, we kept our interest-rate and credit risks exceptionally low. These were all major accomplishments, given rising interest rates and diverse challenges that included increased competition, diminished housing affordability, and widespread storm devastation along the Gulf Coast.
No less important, we provided more support for affordable housing than ever before. And we made this key aspect of our broad mission part of the everyday flow of our business. Read more from Richard Syron.
Segment 1 of the Report contains the following information:
Table of Contents
BUSINESS
REGULATION AND SUPERVISION
RISK FACTORS
PROPERTIES
LEGAL PROCEEDINGS
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
MARKET FOR THE COMPANY'S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES
FORWARD-LOOKING STATEMENTS
SELECTED FINANCIAL DATA
Segment 2 of the Report contains the following information:
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
EXECUTIVE SUMMARY
CONSOLIDATED RESULTS OF OPERATIONS
CONSOLIDATED BALANCE SHEETS ANALYSIS
CONSOLIDATED FAIR VALUE BALANCE SHEETS ANALYSIS
LIQUIDITY AND CAPITAL RESOURCES
Segment 3 of the Report contains the following information:
RISK MANAGEMENT
Operational Risks
Interest-Rate Risk and Other Market Risks
Credit Risks
OFF-BALANCE SHEET ARRANGEMENTS
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
PORTFOLIO BALANCES AND ACTIVITIES
QUARTERLY SELECTED FINANCIAL DATA
RISK MANAGEMENT AND DISCLOSURE COMMITMENTS
Segment 4 of the Report contains the following information:
CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURES
CONTROLS AND PROCEDURES
DIRECTORS AND EXECUTIVE OFFICERS
BOARD OF DIRECTORS
EXECUTIVE COMPENSATION
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
PRINCIPAL ACCOUNTING FEES AND SERVICES
CERTIFICATIONS
RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
INDEX OF ACRONYMS