2007 Annual Report
The complete report has been divided into four segments for easier online viewing and printing.
To our Stockholders:
In 2007, our sector suffered the most severe housing correction since the Great Depression. In my 35 years as an economist, central banker, regulator and businessman, I have never witnessed a situation quite like this one – in which a housing bubble has played such a central role in bringing the world's largest economy to the brink of recession.
Freddie Mac's financial results last year were acutely affected by the extraordinary downturn in housing; later in this letter I will discuss them with you fully. But before detailing our performance, it's worth taking a closer look at how and why the housing finance environment became so challenging. If you'll bear with me, I'd like to describe what we've observed, what we’ve been doing about it, and what we think it means. 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 MARKET FOR THE COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES FORWARD-LOOKING STATEMENTS SELECTED FINANCIAL DATA AND OTHER OPERATING MEASURES
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 PORTFOLIO BALANCES AND ACTIVITIES OFF-BALANCE SHEET ARRANGEMENTS CONTRACTUAL OBLIGATIONS CRITICAL ACCOUNTING POLICIES AND ESTIMATES QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK CREDIT RISKS OPERATIONAL RISKS
Segment 3 of the Report contains the following information:
RISK MANAGEMENT AND DISCLOSURE COMMITMENTS FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA QUARTERLY SELECTED FINANCIAL DATA
Segment 4 of the Report contains the following information:
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE CONTROLS AND PROCEDURES DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE EXECUTIVE COMPENSATION SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE PRINCIPAL ACCOUNTANT FEES AND SERVICES RATIO OF EARNINGS TO FIXED CHARGES RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS ADDITIONAL INFORMATION CERTIFICATIONS