Like its sister government-backed entity, Fannie Mae, Freddie Mac played a major role in ensuring the U.S. housing market continued to function amid an unprecedented pandemic. The company provided approximately $1.2 trillion in liquidity to the mortgage market in 2020, in the process financing nearly 3.8 million single-family home loans—including 2.7 million refinancings that enabled homeowners to capitalize on record-low interest rates. While the pandemic contributed to a nearly 12% drop in Freddie’s revenues last year, profits remained resilient and climbed nearly 2% in 2020.
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Latest news for Freddie Mac
- MagazineThese 18 big companies made more than $250,000 in profit per employee last yearAugust 10, 2020 8:30 AM UTC
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- FinanceFeds Seek to Block Release of Fannie Mae and Freddie Mac MemosOctober 27, 2016 5:38 PM UTC
- FinanceU.S. Angered as Freddie Mac Auditor Settles Investor SuitOctober 26, 2016 5:15 PM UTC