Freddie Mac

Freddie Mac

Freddie Mac

Overview
Date Founded

1970

Headquarters

8200 Jones Branch Drive, McLean, VA, 22102-3110, USA

Type of Company

Public

Employees (Worldwide)

6,185

Industries

Real Estate
Other Business & Consulting Services
Market & Policy Research
Consumer Finance
Accounting & Financial Services

Company Description

Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market. We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer & Executive Vice President

Executive Vice President, General Counsel & Corporate Secretary

Vice President & Deputy General Counsel-Securities

Chief Compliance Officer & Senior Vice President

Executive Vice President & Chief Enterprise Risk Officer

Executive Vice President & Chief Information Officer

Chief Diversity Officer

Senior Vice President, Corporate Controller & Principal Accounting Officer

Senior Vice President & General Auditor

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Board of Directors

Chairperson-Audit Committee at AIG Investments

Former President, US at Dun & Bradstreet Corp.

Individual Director at Marine Corps Scholarship Foundation

Former Executive Vice President, Operations & Technology at TD Bank Group

Chief Executive Officer & Executive Director at The Federal City Council

Co-Founder at Capital One Multifamily Finance LLC

Former Chief Financial Officer & Senior Vice President at Allstate Insurance Company

Founder at GlobalTech Financial LLC

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Owners & Shareholders
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Schaller Investment Group (SIG) generally invests clients' assets in selects common stocks, money market mutual funds, and fixed income securities issued by the US government. The firm employs a fundamental, long-term, value investment approach to security analysis and portfolio management. They seek to invest in securities that are trading below the firm's estimate of the security's intrinsic value. Portfolios are managed using a focused portfolio approach rather than a diversified approach. Portfolios are generally concentrated among a relatively small number of securities (typically common stocks), generally from 5 to 15 securities and portfolios are not widely diversified across different industries. The primary focus for individual accounts managed by SIG is to maximize long-term capital appreciation rather than producing current or future investment income.

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Oberbanscheidt & Cie Vermougensverwaltungsgesellschaft mbH is a German private company located in Kleve. The firm provides investment advice. It was founded in 2003 by Ulrich Herre and Hans-Josef Oberbanscheidt. Ulrich Herre and Hans-Josef Oberbanscheidt are the current co-CEOs of the company.

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Schaller Investment Group (SIG) generally invests clients' assets in selects common stocks, money market mutual funds, and fixed income securities issued by the US government. The firm employs a fundamental, long-term, value investment approach to security analysis and portfolio management. They seek to invest in securities that are trading below the firm's estimate of the security's intrinsic value. Portfolios are managed using a focused portfolio approach rather than a diversified approach. Portfolios are generally concentrated among a relatively small number of securities (typically common stocks), generally from 5 to 15 securities and portfolios are not widely diversified across different industries. The primary focus for individual accounts managed by SIG is to maximize long-term capital appreciation rather than producing current or future investment income.

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Recent Transactions
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FMCorp, Inc. purchases Federal Home Loan Mortgage Corp. /Reit (2) from Freddie Mac

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LION, Inc. purchases Ignition Mortgage Technology Solutions, Inc. from Freddie Mac

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Transaction Advisors
Legal Advisor

Advised onLION, Inc. purchases Ignition Mortgage Technology Solutions, Inc. from Freddie Mac

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Advisors & Consultants
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Legal Advisor

Partner at Morgan, Lewis & Bockius LLP

Legal Advisor

Co-Chair, Media, Entertainment & Technology Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Shareholder at Greenberg Traurig LLP

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Clients

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, the non-U.S. consumer credit card business, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Wells Fargo & Co. is a diversified, community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Community Banking, Wholesale Banking, Wealth and Investment Management (WIM), and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment provides a full range of personalized wealth management, investment and retirement products and services to clients across U.S. based businesses including Wells Fargo Advisors, The Private Bank, Abbot Downing, Wells Fargo Institutional Retirement and Trust, and Wells Fargo Asset Management. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

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Key Stats and Financials As of 2017
Market Capitalization
$1.1B
Total Enterprise Value
$2.12T
Earnings Per Share
$-1
Revenue
$73.8B
Net Profit
$5.62B
EBITDA
$70.1B
EBITDAMargin
94.89%
Total Debt
$2.03T
Total Equity
$-312M
Enterprise Value Sales
28.7x
Enterprise Value EBITDAOperating
30.25x
TEVNet Income
376.79x
Debt TEV
0.96x
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Non-Profit Donations & Grants
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Suppliers
Ocwen Financial Corporation Consumer Finance | Atlanta, GA

Ocwen is a highly rated Special Servicer and prides itself on setting the standard for customer service, turn around times and speed of resolution. Our seasoned, commercial servicing team is supported by the combination of globalization and leading technology allowing Ocwen to provide the highest levels of service and cost competitiveness combined with lower loss severity rates on non-performing loans and REO

Prudential Financial, Inc. Investment Banking & Brokerage | Newark, NJ

For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation.

Radian Group, Inc. Insurance: Specialty | PHILADELPHIA , PA

Headquartered in Philadelphia, Radian connects lenders, homebuyers, investors and loan servicers using a suite of private mortgage insurance and related risk management products and services. We help promote and preserve the tradition of homeownership while protecting lenders from default-related losses on residential first mortgages. We also facilitate the sale of low-downpayment mortgages in the secondary market. Our commitment to homeownership is built on a foundation of evaluating credit risk; we help clients and investors expertly and prudently manage risk in any market condition. Radian Group Inc. is traded on the New York Stock Exchange under the symbol RDN.

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Competitors
Fannie Mae Retail & Commercial Banking - Washington, DC

Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing ang refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single-Family segment offers liquidity to the mortgage market and increase the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on the mortgage and on the multifamily mortgage loans. The company was founded in 1938 and is headquartered in Washington, DC.

Government of the United States of America Government - Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Awards & Honors
Rank #43
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #43
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine