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Company Profile
- Freddie Mac
- Country : United States
- City: McLEAN
- State: Virginia - VA
- Address: 8200 Jones Branch Dr.
- Zipcode: 22102-3110
- Category: Fortune 500 Companies
- Description: Uncle Sam's nephew dabbles in mortgage banking. Freddie Mac is a shareholder-owned, government-sponsored enterprise established by Congress. Along with sister company Fannie Mae, Freddie Mac provides a continuous flow of funds for residential mortgages, helping Americans achieve the dream of home ownership. The company buys conventional residential mortgages from mortgage bankers, transferring risk from them and allowing them to provide mortgages to those who otherwise wouldn't qualify. It securitises most of the loans it buys. Freddie Mac competes for mortgage purchases with its big sister Fannie Mae.
- Products: Diversified Financials
- Employees: 3,700