Relief for Homeowners and Renters
We’re extending help to millions of homeowners and renters facing financial hardships as a result of COVID-19.
If you are a shareholder and you have questions regarding Freddie Mac, please contact our Investor Relations group at (571) 382-4732, by email at firstname.lastname@example.org, or by mail at 8100 Jones Branch Drive, McLean, VA 22102-3110.
If you are an investor in Freddie Mac debt products and you have questions regarding Freddie Mac, please contact our Debt Investor Relations group at (571) 382-3700 or (888) 882-6275, by email at email@example.com.
If you are an investor in Freddie Mac mortgage-backed securities and you have questions regarding Freddie Mac, please call (800) 336-3672 or email firstname.lastname@example.org.
Inquiries concerning change of address, account status and lost stock certificates should be directed to Freddie Mac's transfer agent:
Computershare Trust Company, N.A.
Re: Freddie Mac
P.O. Box 30170
College Station, TX 77842
Freddie Mac is a federally chartered corporation created by Congress on July 24, 1970.
The company's corporate headquarters is located in McLean, VA. Freddie Mac also operates five regional offices in Atlanta, Chicago, Dallas, Los Angeles and New York.
Beginning on July 8, 2010, Freddie Mac common stock is exclusively traded on the OTC market.
The ticker symbol is FMCC.
No. Freddie Mac was chartered by Congress as a private company serving a public purpose. On September 6, 2008, the Director of the Federal Housing Finance Agency (FHFA), appointed FHFA as conservator of Freddie Mac. As conservator, FHFA has all rights, titles, powers, and privileges of Freddie Mac, and of any stockholder, officer, or director of Freddie Mac with respect to Freddie Mac and its assets; and title to the books, records and assets of Freddie Mac. In connection with the appointment of FHFA as conservator, Freddie Mac and the U.S. Department of the Treasury have entered into a Senior Preferred Stock Purchase Agreement. As part of the agreement, Freddie Mac has issued senior preferred stock to Treasury, together with a warrant for the purchase of common stock representing 79.9% of Freddie Mac’s common stock.
Freddie Mac ’s regulator is the Federal Housing Finance Agency (FHFA). FHFA was established in 2008 as an independent government agency responsible for oversight of the operations of Freddie Mac, Fannie Mae and the Federal Home Loan Banks. In addition, the U.S. Department of Housing and Urban Development has fair housing authority over Freddie Mac.
Freddie Mac and Fannie Mae have substantially similar charters, Congressional mandates, and regulatory structures. Both Freddie Mac and Fannie Mae are publicly traded corporations. Ginnie Mae is a government-owned corporation within the U.S. Department of Housing and Urban Development that guarantees mortgage-backed securities backed by federally insured or guaranteed loans. Unlike Freddie Mac and Fannie Mae, Ginnie Mae does not purchase mortgages from lenders, nor does it buy, sell, or issue securities.
We conduct business through two business segments, the single-family business segment and the multifamily business segment. Those two segments are primarily supported by our Single-Family Division, Multifamily Division, and Capital Markets Division.
Our single-family business segment supports responsible, sustainable homeownership. We do so primarily through the work of our Single- Family Division and Capital Markets Division.
Those divisions work with lenders of all sizes – national, regional and community lenders and credit unions – to buy conventional, conforming mortgage loans for one- to four-unit homes – including condominiums and manufactured homes – up to a certain dollar amount set by our regulator. As part of our mission, we are committed to creating homeownership opportunities for people hoping to buy a home for the first time, earning low and moderate incomes and living in underserved markets.
Because lenders know they can sell loans to us, they are more willing to make long-term, fixed-rate loans, which make mortgage payments more affordable to more households. When a homeowner faces financial difficulties, we work with the lender to help the borrower avoid foreclosure, where possible, or exit homeownership as smoothly as possible.
We also promote liquidity and make funding more available to borrowers by purchasing mortgage-related securities guaranteed by Freddie Mac and other financial institutions as investments. We fund these investments by issuing corporate debt securities. Freddie Mac's investors include, but are not limited to, central and commercial banks, pension funds, insurance companies and securities dealers from around the world.
Our multifamily business segment supports affordable rental opportunities across the nation, primarily through the work of our Multifamily Division and capital markets activities within that group and the Capital Markets Division.
Working with a network of specialized lenders, Freddie Mac provides funding for loans on properties ranging from five units to hundreds of units across multiple buildings. We support all types of multifamily properties nationwide, including conventional, seniors, student and subsidized housing as well as smaller properties and manufactured housing communities.
Our funding is vital to making sure that renters have access to adequate, affordable apartment homes. Around 90 percent of the apartments we finance each year are affordable to low- or moderate-income renters. Multifamily borrowers mainly are commercial entities, such as property developers, and the properties are considered businesses. Our in-house teams closely oversee loan and property quality throughout the life of each loan.
On July 18, 2008, Freddie Mac registered its common stock with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934. Freddie Mac files its period financial disclosure documents with the SEC via the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system.
Prior to Freddie Mac's voluntary registration of its common stock with the SEC on July 18, 2008, Freddie Mac did not file financial reports with the SEC and instead prepared Annual Information Statements and Quarterly Information Statement Supplements in lieu of Forms 10-K and 10-Q, respectively, which are available from the company's Investor Relations Department.
PricewaterhouseCoopers LLP (PwC) has been our auditor since March 6, 2002.
As announced by FHFA Director, James Lockhart, on September 7, 2008, all future common and preferred stock dividends would be eliminated, other than dividends on the senior preferred stock issued to the U.S. Department of the Treasury.
Freddie Mac has had two common stock splits. The Board of Directors authorized a 3-for-1 stock split effective April 9, 1992 and a 4-for-1 stock split effective January 13, 1997.