Federal Home Loan Mortgage Corp
The Federal Home Loan Mortgage Corporation, universally known as Freddie Mac, is a government-sponsored enterprise (GSE) chartered by the United States Congress in 1970 and headquartered in McLean, Virginia, with the statutory mission of providing liquidity, stability, and affordability to the American housing market. Freddie Mac fulfills this mission by purchasing mortgage loans from banks, credit unions, and other lending institutions, pooling those loans into mortgage-backed securities (MBS), and selling those securities to investors in the global capital markets. This secondary mortgage market function enables lenders to replenish their capital and continue making new mortgage loans to qualified homebuyers and homeowners across the United States.<br><br>Freddie Mac operates through three primary business segments: Single-Family, which guarantees mortgage loans secured by one- to four-unit residential properties and issues Single-Family MBS; Multifamily, which provides financing for apartment buildings and other rental housing through its multifamily loan purchase and securitization activities; and Investments, which manages the company's retained mortgage portfolio and hedging activities. Since September 2008, Freddie Mac has operated under conservatorship managed by the Federal Housing Finance Agency (FHFA) following its placement into government conservatorship during the 2008 financial crisis, with the U.S. Treasury providing financial support through senior preferred stock agreements. Freddie Mac voluntarily registered its common stock with the SEC on July 18, 2008 and has filed regular 10-K, 10-Q, and 8-K reports since that date.<br><br>Freddie Mac reported net income of $3.6 billion for the first quarter of 2026, representing a 27% increase from $2.8 billion in the year-prior period, reflecting strong performance in its core guarantee and securitization businesses. The company's common stock trades on OTC Markets under the ticker symbol FMCC, reflecting its conservatorship status and the limitations on dividend payments and capital distributions that apply while it remains under FHFA oversight. With a balance sheet spanning hundreds of billions in guaranteed and owned mortgage assets, Freddie Mac remains one of the most systemically important financial institutions in the United States, playing a central role in the functioning of the American residential and multifamily mortgage market.