FEDERAL HOME LOAN MORTGAGE CORP
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 (Fannie Mae), 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.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
- Business sectors
- financial services [1]
- Company / filing name
- FEDERAL HOME LOAN MORTGAGE CORP [2]
- Headquarters location
- McLean [1]
- Founded
- 1970 [1]
- Legal form
- joint-stock company [1]
- Leadership in background record
- Donald H. Layton [1]
- Official website
- www.freddiemac.com ↗ [1]
- Employees
- 4,957 · reported year 2014 [1]
- Annual revenue
- USD 83,458,000,000 · reported year 2022 [1]
- ISIN (reported securities)
- US3134003017 [1]
- CIK
- 1026214 [2]
- Country in background record
- United States [1]
- Symbols / exchanges
- FMCC (OTC), FREJO (OTC), FMCCG (OTC), FMCCJ (OTC), FMCCL (OTC), FMCKL (OTC), FMCCS (OTC), FMCCO (OTC), FMCKN (OTC), FREJN (OTC), FMCCN (OTC), FMCKO (OTC), FMCKJ (OTC), FMCKM (OTC), FREGP (OTC), FMCCH (OTC), FMCCK (OTC), FMCCP (OTC), FMCCM (OTC), FMCKP (OTC), FMCCI (OTC), FMCCT (OTC), FMCKI (OTC), FMCKK (OTC), FREJP (OTC) [2]
Company positioning and business
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 (Fannie Mae), 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. [3]
On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades". As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008, and dropped a further 50% on June 16, 2010, when the stocks delisted due to falling below minimum share prices for the NYSE. In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt. The housing market and economy eventually recovered, making Freddie Mac profitable once again. [3]
Freddie Mac is ranked No. 45 on the 2023 Fortune 500 list of the largest United States corporations by total revenue, and has $3.208 trillion in assets under management. [3]
Background text: Wikipedia contributors, Freddie Mac. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Management and corporate governance
The Wikidata background record identifies Donald H. Layton in the chief-executive role. This background entry is not an official confirmation of the current board or executive roster. [1]
Understanding company scale
Employees: 4,957 · reported year 2014. [1]
Annual revenue: USD 83,458,000,000 · reported year 2022. [1]
Financial year, securities and disclosures
Listed securities: FMCC (OTC), FREJO (OTC), FMCCG (OTC), FMCCJ (OTC), FMCCL (OTC), FMCKL (OTC), FMCCS (OTC), FMCCO (OTC), FMCKN (OTC), FREJN (OTC), FMCCN (OTC), FMCKO (OTC), FMCKJ (OTC), FMCKM (OTC), FREGP (OTC), FMCCH (OTC), FMCCK (OTC), FMCCP (OTC), FMCCM (OTC), FMCKP (OTC), FMCCI (OTC), FMCCT (OTC), FMCKI (OTC), FMCKK (OTC), FREJP (OTC). Multiple symbols may represent different share classes or securities of the same registrant. [2]
History and key events
Founding / inception date recorded in Wikidata. [1]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [2]
Related entities and concepts
Frequently asked questions
When was FEDERAL HOME LOAN MORTGAGE CORP founded?
Founded: 1970. The linked source provides the background record. [1]
Where is the headquarters of FEDERAL HOME LOAN MORTGAGE CORP?
Headquarters location: McLean. The linked source provides the background record. [1]
Which business sectors are recorded for FEDERAL HOME LOAN MORTGAGE CORP?
Business sectors: financial services. The linked source provides the background record. [1]
Sources and review dates
- Wikidata — company background record (CC0) ↗
- Company identity and profile data ↗
- Wikipedia contributors — Freddie Mac (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.