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)

6,871

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.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Interim Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Vice President & Deputy General Counsel-Securities

Senior Vice President & Chief Compliance Officer

Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Information Officer

Chief Diversity Officer & Senior Vice President-Human Resources

Executive Vice President & Head, Single-Family Business

Chief Administrative Officer & Executive Vice President

Board of Directors

Former President, US at Dun & Bradstreet Corp.

President, Chief Executive Officer & Director at Freddie Mac

Former Executive Vice President, Human Resources & Shared Services at Fiserv, Inc.

Senior Advisor at Patomak Global Partners LLC

Co-Founder at Capital One Multifamily Finance LLC

Former Corporate Executive Vice President & Chief Financial Officer at SunTrust Banks, Inc.

Former Executive Vice President at The PNC Financial Services Group, Inc.

Global Chief Technology Officer at Aegon NV

Lecturer, Department of Urban Planning & Design at Harvard University

Vice Chairman of the Board the Prudential Insurance Company of America at The Prudential Variable Contract Real Property Account

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Owners & Shareholders
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Oberbanscheidt & Cie Vermougensverwaltungsgesellschaft mbH, part of Volksbank Mittweida eG, is a company headquartered in Kleve, Germany. 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 firm.

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Parkwood LLC is a private financial services company and investment advisor based in Cleveland, Ohio. The firm's wholly-owned Parkwood Trust Co., is based in Wilmington, Delaware. Together, these entities offer investment advisory services, multi-generational tax and estate planning, and other professional services. Parkwood's clients include a mix of partnerships, trusts, charitable organizations, and individuals.

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Oberbanscheidt & Cie Vermougensverwaltungsgesellschaft mbH, part of Volksbank Mittweida eG, is a company headquartered in Kleve, Germany. 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 firm.

Recent Transactions
Details Hidden

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

Transaction Advisors
Legal Advisor

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

Advisors & Consultants
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

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

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, 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 includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. 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.

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

Key Stats and Financials As of 2019
Market Capitalization
$2.04B
Total Enterprise Value
$2.27T
Earnings Per Share
$-0.18
Revenue
$79.1B
Net Profit
$7.21B
Enterprise Value Sales
28.72x
TEVNet Income
314.78x
Debt TEV
0.96x
Total Equity
$9.12B
Total Debt
$2.18T
EBITDAMargin
87.48%
Enterprise Value EBITDAOperating
32.83x
EBITDA
$69.2B
Three Year Compounded Annual Growth Rate Of Revenue
7.63%
Five Year Compounded Annual Growth Rate Of Revenue
2.32%
Non-Profit Donations & Grants
Investors
Details Hidden

Part-Time Faculty Member at Boston College - Carroll School of Management

Suppliers
Ocwen Financial Corporation Accounting & Financial Services | 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. Real Estate | 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.

Competitors
Fannie Mae Consumer Finance - Washington, DC

Federal National Mortgage Association is a government-sponsored company. It engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. The firm operates through the following segments: Single-Family and Multifamily. 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. Federal National Mortgage Association 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
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