These siblings know there's no place like home. Government-sponsored enterprises (GSEs) Freddie Mac (officially Federal Home Loan Mortgage Corporation) and Fannie Mae were established to provide liquidity, stability, and affordability to the U.S. housing market. They do so by purchasing mortgages from lenders and packaging them for resale, thereby mitigating risk and allowing lenders to provide mortgages to those who may not otherwise qualify. The agency also provides assistance for rental housing. Freddie Mac generates the vast majority of its revenue from mortgage loans. Due to losses related to the subprime mortgage crisis, the government seized Fannie and Freddie in 2008. Government plans to divest the firms into private ownership have proven difficult; they remain GSEs.
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Essential information for a successful call
- EMPLOYEES (All Sites) 6,642
- ASSETS (MIL USD) 2,203,623
- SALES (MIL USD) 14,078
- TICKER SYMBOL FMCC
- Incorporated 1970
- FISCAL YEAR END DEC
Get in Touch with 206 Contacts
Donald H LaytonChief Executive Officer
SARA MATHEWChairman of the Board
DAVID M BRICKMANPresident
JAMES G MACKEYExecutive Vice President and Chief Financial Officer