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Freddie Mac engages in mortgage purchasing, credit guarantee, and portfolio
investment activities in the United States. It purchases single-family and
multi-family residential mortgages, and mortgage-related securities from
lenders in the primary mortgage market that originate mortgages for
homebuyers, including mortgage banking companies, commercial banks, savings
banks, community banks, credit unions, state and local housing finance
agencies, and savings and loan associations. The company also buys mortgage
loans and mortgage-related securities, and issues guaranteed
mortgage-related securities in the secondary market. In addition, Freddie
Mac guarantees the payment of principal and interest on mortgage-related
securities, including single-family and multi-family, mortgage participation
certificates issued by the company, and securities related to tax-exempt
multifamily housing revenue bonds. The company was founded in 1970 and is
headquartered in McLean, Virginia. |
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