Like Fannie Mae, Freddie Mac is still government controlled. Also like Fannie, it saw a steep decline in profits last year, which were down 22%, even as the lender's top line grew more than 2%. The financials don’t tell the whole story, however. Freddie plays an outsized role in helping millions of Americans own or rent a home, providing nearly $558 billion in liquidity to the mortgage market last year. In 2019, it served nearly 95% of all single-family home lenders in the country—and it's seeing growth with younger families and couples. First-time home buyers represented nearly half of Freddie’s new single-family purchase loans last year.