Investor FAQ
Is Freddie Mac a government agency?
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.
What is the corporation’s legal name?
Under Freddie Mac's Congressional charter, the corporation's official name is Federal Home Loan Mortgage Corporation. However, the Board of Directors has authorized the corporation to conduct business as Freddie Mac.
Who do I contact regarding change of address or lost stock certificates?
Inquiries concerning change of address, account status and lost stock certificates should be directed to Freddie Mac's transfer agent:
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
United States of America
Website: https://www-us.computershare.com/investor
When did Freddie Mac first become a public company?
On January 3, 1989, Freddie Mac stock was converted into a class of stock that could be owned and traded by all investors (prior to that date, ownership of the stock was limited by its terms to financial institutions and a small number of other parties). On August 9, 1989, Congress amended Freddie Mac's charter to convert this class of stock into Voting Common Stock, granting its holders the right to elect 13 directors of the Company. The Voting Common Stock and its predecessors were listed on the New York Stock Exchange from 1984 through July 7, 2010, and began trading exclusively on the over-the-counter (OTC) market since July 8, 2010.
When has Freddie Mac’s common stock split?
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.
Does Freddie Mac pay dividends?
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.
When was Freddie Mac incorporated?
Freddie Mac is a federally chartered corporation created by Congress on July 24, 1970.
How do I contact Freddie Mac’s Investor Relations?
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 [email protected] 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, or by email at [email protected].
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 [email protected].
On which exchange is Freddie Mac common stock traded? What is the ticker symbol?
Beginning on July 8, 2010, Freddie Mac common stock is exclusively traded on the OTC market.
The ticker symbol is FMCC.
What are Freddie Mac’s principal businesses?
America relies on Freddie Mac to support the housing market in all economic environments.
Operating in the secondary mortgage market, we buy conforming mortgage loans from approved lenders and then securitize those loans for sale to investors. This shifts a significant portion of the liquidity and interest-rate risk to third-party investors.
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 division works 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. 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.
Our multifamily division works with a network of specialized lenders to provide 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 supporting the creation and preservation of rental housing across the country. 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.
Our capital markets division promotes liquidity and makes funding more available to borrowers by packaging 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.
Where is Freddie Mac located?
The company's corporate headquarters is located in McLean, VA. Freddie Mac also operates five regional offices in Atlanta, Chicago, Dallas and Los Angeles.
How does Freddie Mac differ from Fannie Mae and Ginnie Mae?
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.
Does Freddie Mac file quarterly and annual reports with the SEC?
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.
Who is Freddie Mac’s auditor?
PricewaterhouseCoopers LLP (PwC) has been our auditor since March 6, 2002.
Who regulates Freddie Mac?
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.