EVP Cook Discusses How Corporate Mission Makes Business Sense

In a recent cover story in Mortgage Risk magazine [PDF 1.7M], Freddie Mac's EVP and Chief Business Officer Patti Cook discusses Freddie Mac's corporate mission and why it's good for business. Since subprime became a national issue, Freddie Mac has sought to use its position as a leader in the mortgage industry to help bring some relief to affected borrowers. Cook discusses Freddie Mac's strategy in the current volatile markets, why subprime turmoil presents an opportunity to fulfill the company's mission and create value for shareholders, and why leverage will be out of fashion for a long time to come.