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