Freddie Mac
Like Fannie Mae, Freddie Mac is a government-sponsored company. It was founded in 1970 to help expand the secondary market for mortgages in the U.S. According to its website, the mission of the mortgage lending company is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions. Over its 50-year history, the company has provided more than $11.6 trillion to help over 69.6 million homeowners and 11.4 million renters in all 50 states. During the Great Recession in 2008, Freddie Mac (along with Fannie Mae) was placed under conservatorship by the Federal Housing Finance Agency (FHFA) as a means to bail out the company during the country’s housing crisis.
Andrew Harrer—Bloomberg via Getty Images
Company Information
As of 8/3/2022
Country
U.S.
Headquarters
McLean, Va.
Industry
Diversified Financials
CEO
Michael J. DeVito
Website
Company Type
Public
Ticker
FMCC
Revenues ($M)
$65,898
Profits ($M)
$12,109
Market Value ($M)
$2,055
Employees
7,301
Company's senior preferred stock is owned by the U.S. Treasury, which also holds a warrant to purchase 79.9% of the common stock. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$65,898
-0.5%
Profits ($M)
$12,109
65.3%
Assets ($M)
$3,025,586
-
Total Stockholder Equity ($M)
$28,033
-
Profit Ratios
Profit as % of Revenues
18.4%
Profits as % of Assets
0.4%
Profits as % of Stockholder Equity
43.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
15
EPS % Change (from 2020)
1400%
EPS % Change (5 year annual rate)
38%
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2021)
-64.4%
Total Return to Investors (5 year, annualized)
-26%
Total Return to Investors (10 year, annualized)
14.6%
