Federal Home Loan Mortgage Corporation · McLean, VA United States · (NYSE: FRE)
Company Description
Phone: 703-903-2000
Toll Free: 800-424-5401
Rankings
- #220 in FORTUNE 500
More Companies in: Mc Lean, Virginia
More Companies in These Related Industries: Mortgage Banking
View Federal Home Loan Mortgage Corporation Locations On A US Map
This link will open in a new window
This link will open in a new window Freddie Mac (officially the Federal Home Loan Mortgage Corporation) is a government-sponsored enterprise that, along with its sister agency the Federal National Mortgage Association (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. In September 2008 the government seized the company, crippled by the mortgage crisis, in one of the largest government interventions in business since the Great Depression. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Federal Home Loan Mortgage Corporation Reports
No subscription, no problem.
Download presentation-ready reports for this company now.
Download presentation-ready reports for this company now.
From company profiles to the competitive landscape, Hoover’s offers immediate access to individual reports.
Key Federal Home Loan Mortgage Corporation Financials
| Company Type | Public - NYSE: FRE Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$22,379.0 |
| 2008 Employees | 5,012 |
Federal Home Loan Mortgage Corporation Executives
42 executives listed for Federal Home Loan Mortgage Corporation's McLean, VA location.
| Title | Name & Bio | Contact |
| Chairman | John Koskinen | |
| CEO and Director | Charles Haldeman | |
| COO | Bruce Witherell |
Competition
Competitive Landscape for Federal Home Loan Mortgage Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Federal Home Loan Mortgage Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!