Freddie Mac
Person
14 articles
Key facts
| Type | Government-sponsored public company under FHFA conservatorship |
| Traded as | OTCQB: FMCC |
| Industry | Financial services |
| Founded | 1970 |
| Key people | Bill Pulte (chairman), Kenny M. Smith (CEO), Michael Hutchins (president) |
| Products | Mortgage-backed securities |
| Revenue | US$23.27 billion (2025) |
| Total assets | US$3.497 trillion (2025) |
Wikipedia EN
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in McLean, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National Mortgage Association, Freddie Mac buys mortgages, pools them, and sells them as a mortgage-backed security (MBS) to private investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name "Freddie Mac" is a variant of the FHLMC initialism of the company's full name that was adopted officially for ease of identification.
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