The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac (OTCMKTS:FMCC), is a government‐sponsored enterprise chartered by Congress in 1970 to support liquidity, stability and affordability in the U.S. residential mortgage market. Freddie Mac operates by purchasing mortgages from banks and other lenders, pooling them into mortgage‐backed securities and guaranteeing the timely payment of principal and interest to investors. Through its securitization activities, Freddie Mac helps ensure lenders have a reliable source of funding, enabling them to extend credit to homebuyers and refinancers across the country.
Since its establishment, Freddie Mac has played a central role in the secondary mortgage market. In the aftermath of the 2008 financial crisis, the company entered conservatorship under the oversight of the Federal Housing Finance Agency (FHFA), which introduced enhanced risk management standards and governance reforms. These measures were designed to strengthen Freddie Mac’s financial position and operational resilience while maintaining its public mission of expanding homeownership opportunities.
Freddie Mac’s product offerings include conventional conforming loans, adjustable‐rate mortgages, and programs targeting affordable rental housing and sustainable homeownership for underserved communities. Its multifamily business supports financing for apartment buildings and other rental properties, while its Home Possible and HFA Access programs provide low‐down‐payment options for first‐time and moderate‐income buyers. Freddie Mac’s services are available nationwide, with operational and field offices strategically located to work directly with lenders, servicers and housing policymakers.
Under the supervision of the FHFA, Freddie Mac is governed by a Board of Directors and led by President and Chief Executive Officer David Brickman. The company’s executive leadership team combines expertise in risk management, capital markets and housing policy to advance Freddie Mac’s mission of promoting a stable and accessible housing finance system for American families.
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