FRE: FEDERAL HOME LN MTG CORP Profile

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FEDERAL HOME LN MTG CORP

FRE

Stock price

3.16 -0.09 -2.77%

as of 04:01 PM EDT on 08/21/2008 in USD (NYSE Delay: 20 mins.)
Extended Hours

3.11 -0.05 -1.58%

as of 07:59 PM EDT on 08/21/08

Analyst Consensus

Hold
Analyst Consensus

Strong Buy

Buy

Hold

Sell

Strong Sell
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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	-

View All Key Executives

Joan E. Donoghue was named Freddie Mac's Senior Vice President, General Counsel and Corporate Secretary in February 2005. Ms. Donoghue had previously served as Senior Vice President and Principal Deputy General Counsel since April 2004. She joined Freddie Mac in 2001 as Associate General Counsel and later served as Vice President and Acting General Counsel. Prior to joining Freddie Mac, Ms. Donoghue held positions of increasing importance with... View Full Profile

Joan E. Donoghue

Stanley J.D. Martin was appointed Senior Vice President and General Auditor in June 2004. Immediately prior to his appointment, Mr. Martin had served as interim General Auditor since February 2004. Before that, Mr. Martin served as Executive Vice President and then as a consultant to HSBC Bank USA from 2000 to April 2003. From 1998 to 2000, he was Chief Financial Officer and Executive Vice President of Republic New York Corporation. Prior to... View Full Profile

Stanley J.D. Martin

John F. Woods was named Senior Vice President and Principal Accounting Officer in October 2003 and Corporate Controller in February 2005. Prior to that, Mr. Woods served as Senior Vice President, Control and Accounting in Funding and Investments from April 2002 to October 2003. Prior to joining us, Mr. Woods was a consulting partner at Arthur Andersen.... View Full Profile

John F. Woods

Mr. Lewis is a Managing Director and Co-Chairman of Investment Banking at Lazard Ltd, a position he has held since April 2004. From 1978 to 1980 and from 1982 to April 2004, he held various positions at Morgan Stanley, most recently serving as Managing Director and Co-Head of the Global Banking Department from 1999 to 2004. Mr. Lewis also is a director of Darden Restaurants, Inc.... View Full Profile

William M. Lewis, Jr.

Hollis S. McLoughlin was named Senior Vice President and Chief of Staff in April 2004. Since 1998, Mr. McLoughlin has been Chief Operating Officer of two private equity-backed operating companies. Before that, he was one of the founding partners of Darby Overseas, a private equity partner based in Washington, D.C. He has also been a senior executive at Purolator Courier, the overnight delivery company and a privately held transportation company.... View Full Profile

Hollis S. McLoughlin

Ms. Alexander has been an independent consultant since January 2004. Prior to that, she was a Senior Advisor to UBS Warburg LLC and predecessor firms (UBS) from October 1999 to January 2004 and Managing Director of the North American Construction and Furnishings Group in the Corporate Finance Department of UBS from 1992 to October 1999. From 1987 to 1992, Ms. Alexander was a Managing Director in the Corporate Finance Department of Salomon... View Full Profile

Barbara T. Alexander

Mr. McQuade was appointed President and Chief Operating Officer of Freddie Mac effective September 1, 2004. Prior to joining Freddie Mac, Mr. McQuade was President of Bank of America Corporation. He also served as President and Chief Operating Officer of FleetBoston Financial Corp., which merged with Bank of America on April 1, 2004. Mr. McQuade joined Fleet in 1992 and became Chief Financial Officer in 1993, Vice Chairman in 1997, and President... View Full Profile

Eugene M. McQuade

David A. Andrukonis was appointed Senior Vice President and Chief Enterprise Risk Officer in October 2003. Prior to that he served as Senior Vice President of Single-Family Capital Deployment from September 2001 through October 2003. He also served as Senior Vice President and Chief Credit Officer from August 1998 through September 2001. Prior to that, he held various positions at our company since joining us in 1980, including Senior Vice... View Full Profile

David A. Andrukonis

Jerry Weiss was appointed Senior Vice President and Chief Compliance Officer in October 2003. Prior to joining us, Mr. Weiss worked from 1990 at Merrill Lynch Investment Managers, most recently as First Vice President and Global Head of Compliance. From 1982 to 1990, Mr. Weiss was with a national law practice in Washington, D.C., where he specialized in securities regulation and corporate finance matters.... View Full Profile

Jerry Weiss

Jerry Weiss was appointed Senior Vice President and Chief Compliance Officer in October 2003. Prior to joining us, Mr. Weiss worked from 1990 at Merrill Lynch Investment Managers, most recently as First Vice President and Global Head of Compliance. From 1982 to 1990, Mr. Weiss was with a national law practice in Washington, D.C., where he specialized in securities regulation and corporate finance matters.... View Full Profile

John B. McCoy

Margaret A. Colon was named Senior Vice President and Chief Administrative Officer in October 2003. Prior to that, Ms. Colon served as Senior Vice President of Infrastructure Initiatives Program Management from July 2002 to October 2003 and as Senior Vice President and Single-Family Chief Operating Officer from June 2000 through June 2002. Prior to June 2000, she also has served in various other positions at our company, including Senior Vice... View Full Profile

Margaret A. Colon

Martin F. Baumann was appointed Executive Vice President, Finance in April 2003 and Chief Financial Officer in June 2003. Prior to joining us, Mr. Baumann worked at PricewaterhouseCoopers since 1969, where he was a partner from 1980. At PricewaterhouseCoopers, he performed a variety of functions, including serving as the Deputy Chairman - World Financial Services Practice and as the Global Banking Leader. He also served on PricewaterhouseCoopers... View Full Profile

Martin F. Baumann

Ms. Engler is an attorney and is Trustee of the JNL Series Trust and the JNL Investor Series Trust, each an investment company, and has been a member of the Board of Managers of each of the JNL Variable Funds since 2000. From 1992 to 2000, she was of counsel to the law firm of Varnum Riddering, Schmidt & Howlett, a Grand Rapids, Michigan based law firm. Prior to that, she was a partner in the Houston law firm of Nathan, Wood & Sommers. Ms. Engler... View Full Profile

Michelle Engler

Mr. Poe has been President of Ronald F. Poe & Associates, a private real estate investment firm, since 1998. In September 1998, he retired as Chairman of the Board and Chief Executive Officer of Legg Mason Dorman & Wilson, Inc., a real estate investment banking firm, where he had worked for 34 years. Mr. Poe also is a director of CPC Resources, Inc., the for-profit wholly owned subsidiary of Community Preservation Corporation, a not-for-profit... View Full Profile

Ronald F. Poe

Mr. O'Malley served as Non-executive Chairman of Freddie Mac from June to December 2003. Upon the appointment of Mr. Syron as Chairman and Chief Executive Officer of Freddie Mac in December 2003, Mr. O'Malley resigned his position as Non-executive Chairman and became the Lead Director. Mr. O'Malley retired from Price Waterhouse LLP in 1995, where he was Chairman and Senior Partner from 1988 to 1995. He also was president of the Financial... View Full Profile

Shaun F. O'Malley

Mr. Ross has been the Franco Modigliani Professor of Finance and Economics at the Massachusetts Institute of Technology since 1998 and has been, and continues to be, a consultant to a number of investment banks and major corporations. He also has been Chairman and Chief Executive Officer of Compensation Valuation, Inc., a company specializing in the valuation of complex option contracts and option valuation services, since April 2003; a member of... View Full Profile

Stephen A. Ross

Mr. Turner has been Manager of Signature Capital, Inc., a venture capital investment firm, since he founded the company in April 1996. From 1992 to 1996, Mr. Turner provided management consulting services for notable leverage buy-out firms. From 1989 to 1992, he was Chairman and Chief Executive Officer of several Forstmann Little companies, F.L. Industries, F.L. Aerospace, Lear Siegler and Pullman, engaged in manufacturing products for the... View Full Profile

William J. Turner

Mr. Goeltz was Vice Chairman, Chief Financial Officer and Member of the Office of the Chief Executive of American Express Company from 1996 to 2000. Prior to that, he was Group Chief Financial Officer and a member of the Board of NatWest Group from 1992 to 1996. Mr. Goeltz also held various finance positions at The Seagram Company Ltd., including Executive Vice President-Finance and Chief Financial Officer, and at Exxon Corporation. He is a... View Full Profile

Richard Karl Goeltz

Mr. Boisi is Chairman and Senior Partner of Roundtable Investment Partners LLC, an investment management firm. From 2000 to May 2002, Mr. Boisi was Vice Chairman of JP Morgan Chase, where he served as Co-Chief Executive Officer of JP Morgan, the firm's investment bank, and was a member of JP Morgan Chase's executive and management committees. From 1993 to 2000, he was the founding Chairman and Senior Partner of The Beacon Group, a merger and... View Full Profile

Geoffrey T. Boisi

Mr. Johnson retired in September 2004 as Chairman and Chief Executive Officer of GreenPoint Financial Corporation, a national specialty mortgage lender and New York consumer banking company, following the acquisition of GreenPoint Financial by North Fork Bancorporation, Inc., with whom Mr. Johnson remained employed in a non-management capacity until December 31, 2004. Mr. Johnson had held the offices of Chairman and Chief Executive Officer of... View Full Profile

Thomas S. Johnson

Mr. Syron was appointed Chairman of the Board and Chief Executive Officer of Freddie Mac in December 2003. Prior to joining Freddie Mac, Mr. Syron was the Executive Chairman of Thermo Electron Corporation from November 2002 to December 2003. Mr. Syron was named to the Board of Thermo Electron in 1997. He became Chairman in January 2000 and was Chief Executive OÇcer from June 1999 to November 2002. He also served as President of Thermo Electron... View Full Profile

Richard F. Syron

Ralph F. Boyd, Jr. was appointed Executive Vice President, Community Relations in February 2005. Prior to holding his current position, he served as our Executive Vice President, General Counsel and Corporate Secretary. Prior to joining us, Mr. Boyd was a senior partner with the law firm Alston & Bird LLP since August 2003 and was U.S. assistant attorney general and head of the Justice Department's Civil Rights Division from July 2001 through... View Full Profile

Ralph Boyd, Jr.

Patricia L. Cook was appointed Executive Vice President, Investments, effective August 2, 2004. Prior to joining us, Ms. Cook was Managing Director and Chief Investment Officer, Global Fixed Income at JPMorgan Fleming Asset Management (""JP Morgan Fleming'') since May 2003. Prior to joining JP Morgan Fleming, she was Managing Director and Chief Investment Officer, Fixed Income at Prudential Investment Management. From June 1991 to July 2001, Ms.... View Full Profile

Patricia L. Cook

With oversight of both Freddie Mac's Community Relations department and corporate foundation, Maxine B. Baker is responsible for leading the programs and activities of one of the nation's largest corporate philanthropy programs. Dedicated to strengthening communities and brightening the future for children, youth and their families, Baker directs the Freddie Mac Foundation in a comprehensive philanthropic partnership with Freddie Mac's corporate... View Full Profile

Maxine B. Baker

John V. Britti joined Freddie Mac as vice president of Community Lending in February 2004. In this position, Britti will manage all Community Lending's sales efforts, customer relationships, as well as the sales force and organization. Britti will report to Dave Stevens, Freddie Mac senior vice president of Single-Family Lending. Britti comes to Freddie Mac from Capital One Financial Corporation where he was vice president of Adjacent Lending... View Full Profile

John V. Britti

Clarke Camper was named interim senior vice president of Freddie Mac's Government Relations and Public Policy division in March 2004. In this position, Camper is responsible for overseeing the corporation's legislative activities at the federal, state and local levels, as well as our relationship with the U.S. Department of Housing and Urban Development and other contacts within the executive branch. Camper joined Freddie Mac in 2000 as Freddie... View Full Profile

Clarke D. Camper

Daryl Hall has been Vice President of Multifamily Asset Management and Tax Credit Investments since December 1997. In this position, Hall is primarily responsible for managing and maintaining the credit quality standards of the $19 billion of debt and equity in the current multifamily portfolio. Hall has direct responsibility for management of four major functions performing loan servicing, problem loan resolution, portfolio management/market... View Full Profile

Daryl Hall

Mark D. Hanson was named vice president of Mortgage Funding in December 1999. In this role, he manages Freddie Mac's funding purchases through securitization, including structured finance, marketing and modeling, and has oversight of the performance of Freddie Mac's Gold Participation Certificates (PCs). He is also responsible for Freddie Mac's relationships with institutional investors and securities information vendors, and developing and... View Full Profile

Mark D. Hanson

Louise Herrle was named vice president and treasurer of Funding & Investments in November 2000. In this capacity, she is responsible for Freddie Mac's debt execution in the domestic and global markets, including the dollar and euro Reference programs, discount notes, callable debentures and non-dollar debt securities. In addition, she manages the execution function for futures, treasuries and swaps supporting Freddie Mac's interest rate risk... View Full Profile

Louise M. Herrle

Mitchell W. Kiffe was named vice president of Freddie Mac's Multifamily Loan Production Department in September, 1997. Kiffe is responsible for the marketing, originating, underwriting and purchase of multifamily loans nationwide. He also is responsible for maintaining the Seller/Servicer network. Freddie Mac's four Multifamily Regional Offices report to Kiffe. Kiffe joined Freddie Mac as the Director of Multifamily Underwriting in September,... View Full Profile

Mitchell W. Kiffe

Peter Mahoney is Vice President-Global Investor Relations at Freddie Mac in McLean, Virginia, and is responsible for managing relationships with all of the company's debt and equity security owners. Prior to moving into investor relations in late 2003, Peter was a senior officer in Freddie Mac's legal area, managing legislative and policy matters affecting Freddie Mac and its role in the capital and mortgage markets. Mahoney has been a frequent... View Full Profile

Peter E. Mahoney

Michael C. May was named Freddie Mac's senior vice president of Mortgage Sourcing, Operations & Funding (MSOF) in October 2003. In this position, May's focus is on enhancing Freddie Mac's business relationships with lenders and investors in the corporation's Gold PCs. Previously, May served as senior vice president and Chief Operating Officer of Single Family Operations from July 2002 to October 2003. In this capacity he was responsible for all... View Full Profile

Michael C. May

Patricia McClung was named vice president of Affordable Lending for Freddie Mac in October 2003. She is responsible for the development and implementation of the corporation's affordable housing products and initiatives, and community development lending. In November 1999, she was named vice president of Origination Services in the Single Family Business Division. In this position, McClung was responsible for creating and executing... View Full Profile

Patricia McClung

Milton Moore was named senior vice president of Technology Infrastructure and Operations in Freddie Mac's Information Systems & Services division in June 2000. Moore is responsible for managing all aspects of technology infrastructure, including Computer and Network Operations, Technology Strategy, Engineering and Integration; and Data Architecture and Infrastructure. He also ensures that Freddie Mac takes advantage of information technology... View Full Profile

Milton E. Moore

Craig S. Nickerson was appointed vice president, Community Development Lending for Freddie Mac in October 1997. In this capacity, he is responsible for the design and implementation of Freddie Mac's single family affordable housing public-private lending initiatives. Prior to joining Freddie Mac, Nickerson was the first coordinator of the National Homeownership Strategy, a public-private partnership involving 65 national organizations designed... View Full Profile

Craig S. Nickerson

David R. Palombi was named vice president of corporate communications for Freddie Mac in November, 1997. In this position, Palombi is responsible for directing the company's communications strategies, public relations, employee communications and advertising. Before joining Freddie Mac, Palombi was director of corporate communications with Barnett Banks, Inc., Jacksonville, FL, since 1993, where he directed the institution's media relations,... View Full Profile

David R. Palombi

David Stevens is senior vice president of Single-Family Lending within Freddie Mac's Single-Family division. In this position, Stevens manages both the National and Community Lending segments. National Lending serves the top 25 lenders in the country; Community Lending serves the needs of community banks and thrifts, credit unions and small- to mid-sized mortgage banking firms. Stevens is responsible for directing the company's customer... View Full Profile

David Stevens

Robert Y. Tsien was appointed Senior Vice President, Mission Oversight and Development in April 2004. Prior to that, he served as Senior Vice President, Production in the Multifamily Division from October 2003, and as our Chief Credit OÇcer from September 2001 to October 2003. Mr. Tsien joined us as Vice President of Multifamily Risk Management in April 2000. Prior to joining us, Mr. Tsien was director of risk management and securitization... View Full Profile

Robert Y. Tsien

Joseph A. Smialowski was named Freddie Mac's Executive Vice President of Operations and Technology in December 2004. Before joining Freddie Mac, Mr. Smialowski was Executive Vice President at Fleet Boston Financial from December 1998. Prior to that, he was Chief Information Officer at Sears, Roebuck and Co. from September 1993. Early in his career, Mr. Smialowski held increasingly responsible management, technology and operations positions at... View Full Profile

Joseph A. Smialowski

Timothy J. McBride was appointed Freddie Mac's Senior Vice President, Government and Industry Relations in January 2005. Prior to Freddie Mac, Mr. McBride served as Vice President, External Affairs/ Public Policy for Daimler Chrysler Corporation, where he was responsible for directing Chrysler's federal lobbying and formulating public policy on a variety of issues. Before that, he worked at Sun Company, Incorporated as director of communications.... View Full Profile

Timothy J. McBride

Adrian B. Corbiere was named Senior Vice President, Multifamily Sourcing in August 1999. Before joining Freddie Mac, Mr. Corbiere was a managing director at Allstate Insurance Corp., responsible for all real estate, mortgage and CMBS investments. Prior to his position at Allstate, he was Senior Vice President of fixed-income investments, including mortgages and private placement bonds, at New England Mutual Life Insurance Company and held various... View Full Profile

Adrian B. Corbiere

Cindy Gertz was appointed senior vice president of Operational Risk Oversight in June 2002. In this position, Gertz is responsible for ensuring identification and assessment of operational risk throughout the corporation. Gertz returned to Freddie Mac after serving as chief financial officer and treasurer of the Public Broadcasting Service (PBS). Between 1991 and 1999, Gertz's positions at Freddie Mac included vice president of Shareholder... View Full Profile

Cindy Gertz

Donald J. Bisenius was named senior vice president of Credit Policy and Portfolio Management in October 2003. He reports to the senior vice president of Investments and Capital Markets. In this role, Bisenius manages the overall credit risk exposure of the credit guarantor business. Since 1998, Bisenius served as senior vice president of Risk Assessment & Model Development; Mortgage Offerings, Risk & Capital Management; and most recently... View Full Profile

Donald J. Bisenius

Dwight P. Robinson was appointed senior vice president of Corporate Relations in 1999. In this capacity, he oversees Industry Relations and Housing Outreach, Corporate & Marketing Communications and Community Relations, including the Freddie Mac Foundation. Robinson joined Freddie Mac in 1998 as vice president of Industry Relations, where he was responsible for coordinating the corporation's relationships with trade associations and other key... View Full Profile

Dwight P. Robinson

Edward L. Golding was named senior vice president of Freddie Mac's Capital Oversight and Economics department in October 2003. In this role, Golding is responsible for overseeing regulatory capital compliance and analysis of the mortgage market and our housing mission. Golding reports to Marty Baumann, chief financial officer and executive vice president of finance. In May 2000, Golding was named senior vice president of Capital and Economics.... View Full Profile

Edward L. Golding

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FEDERAL HOME LN MTG CORP Profile

Key Executives: FRE