• FEDERAL HOME LN MTG CORP Profile

    Uncle Sam's nephew is a real estate tycoon. Freddie Mac (officially the Federal Home Loan Mortgage Corporation) is a shareholder-owned, government-sponsored enterprise that, along with sister Fannie Mae, creates liquidity in the residential mortgage market by guaranteeing, purchasing, securitizing, and investing in home loans. The company buys conventional residential mortgages from mortgage bankers, mitigating risk and letting them provide mortgages to those who otherwise wouldn't qualify. It also provides assistance for affordable rental housing. Freddie Mac indirectly finances one out of every six homes in the US. As a result of the subprime mortgage crisis, the government bailed Freddie out in 2008.
    Richard F. Syron
    CEO
    8200 Jones Branch Dr.

    McLean, VA 22102-3110

    http://www.freddiemac.com

    Phone: 703-903-2000

    Fax: —
    Sector: Financial Industry: Real Estate
  • 2007 Sales 2007 Sales Growth 2007 Net Income 2007 Employees
    $43,104,000,000 % $-3,094,000,000 5,000
  • Key Executives: FRE

    Name Title Officer Since
    Richard F. Syron CEO 12/1/03
    Eugene M. McQuade COO 1/1/04
    Martin F. Baumann CFO -
    John F. Woods Chief Accounting Officer -
    Margaret A. Colon Chief Administrative Officer -
    Joan E. Donoghue General Counsel -
    Stanley J.D. Martin Senior VP -
    Hollis S. McLoughlin Senior VP -