# FEDERAL HOME LOAN MORTGAGE CORP

Summary updated: 2026-10-02T12:21:36.455932Z
Canonical: https://finbar.com/research/companies/federal-home-loan-mortgage-corp

## Overview

Federal Home Loan Mortgage Corporation (Freddie Mac) is a congressionally chartered government-sponsored enterprise that operates in the U.S. secondary mortgage market. It buys residential mortgage loans from lenders and supports mortgage funding by securitizing loans and guaranteeing mortgage-related securities; it does not originate mortgages or lend directly to borrowers. Its core markets are single-family housing and multifamily rental housing in the United States. [1](https://app.finbar.com/go?id=P85061772)[2](https://www.freddiemac.com/about/business)

Freddie Mac’s public-purpose mission is to provide liquidity, stability, and affordability to the U.S. housing market. Chartered in 1970, it reported $23.3 billion in revenue for fiscal year 2025. [1](https://app.finbar.com/go?id=P85061772)[3](https://app.finbar.com/go?id=T5437293)[4](https://app.finbar.com/go?id=D275409)
[1](https://app.finbar.com/go?id=P85061772)[3](https://app.finbar.com/go?id=T5437293)[4](https://app.finbar.com/go?id=D275409)[2](https://www.freddiemac.com/about/business)

## Products & services

Freddie Mac’s single-family mortgage products include long-term fixed-rate, shorter-term fixed-rate and adjustable-rate loans. In its year-to-date 2026 purchase mix, 90% of purchase amount was 20- or 30-year amortizing fixed-rate loans, 6% shorter-term fixed-rate loans and 4% adjustable-rate loans. Home Possible offers eligible borrowers down payments as low as 3% and flexible funding sources; HomeOne offers a 3%-down option for qualified first-time buyers and no-cash-out refinances. CHOICERenovation can finance eligible renovation costs with a purchase or refinance loan, while CHOICEHome supports eligible manufactured homes. [5](https://app.finbar.com/go?id=P144635049)[6](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-possible)[7](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-one)[8](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicerenovation)[9](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicehome-mortgages)

For multifamily borrowers, Freddie Mac’s Optigo offerings include fixed- and floating-rate conventional loans, small-balance loans, forward commitments and supplemental loans, as well as financing for seniors housing, student housing and manufactured-housing communities. Fixed-rate borrowers can lock the Treasury-index component during quoting or underwriting; most index-lock periods are 60 days. Freddie Mac also provides loan-modification options that may change payment timing, interest rate or loan term, with modifications generally requiring a trial period of at least three months. [10](https://mf.freddiemac.com/financing)[11](https://mf.freddiemac.com/financing/conventional)[12](https://app.finbar.com/go?id=P26348898)[13](https://app.finbar.com/go?id=P120860013)
[5](https://app.finbar.com/go?id=P144635049)[12](https://app.finbar.com/go?id=P26348898)[13](https://app.finbar.com/go?id=P120860013)[6](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-possible)[7](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-one)[8](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicerenovation)[9](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicehome-mortgages)[10](https://mf.freddiemac.com/financing)[11](https://mf.freddiemac.com/financing/conventional)

## Geographic presence

Freddie Mac operates in the United States and its territories; it reports no revenue or non-financial-instrument long-lived assets outside those geographies. Its mortgage portfolio is also concentrated in U.S. regions; the percentages below are shares of unpaid principal balance (UPB), not revenue. In single-family, UPB is distributed across the West (29%), Northeast (23%), Southeast (18%), Southwest (15%) and North Central (15%). [14](https://app.finbar.com/go?id=P37234994)[15](https://app.finbar.com/go?id=T13728121) In multifamily, the shares are Northeast (25%), West (23%), Southeast (21%), Southwest (20%) and North Central (11%). [16](https://app.finbar.com/go?id=T1307008)

By state, single-family UPB includes California (16%), Texas (7%), Florida (7%), New York (4%) and Illinois (4%); all other states account for 62%. [15](https://app.finbar.com/go?id=T13728121) Multifamily UPB includes California (13%), Texas (12%), Florida (9%), New York (8%) and Georgia (4%); all other states account for 54%. [16](https://app.finbar.com/go?id=T1307008) As of January 31, 2026, Freddie Mac had 7,334 full-time and 21 part-time employees and was headquartered in McLean, Virginia; its principal offices are four owned buildings there totaling about 1.3 million square feet. [17](https://app.finbar.com/go?id=P31112900)[14](https://app.finbar.com/go?id=P37234994) Its listed regional office locations include Chicago, Plano/Dallas, Irvine and Jersey City. [18](https://www.freddiemac.com/about/contact-us)
[14](https://app.finbar.com/go?id=P37234994)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[15](https://app.finbar.com/go?id=T13728121)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[16](https://app.finbar.com/go?id=T1307008)[17](https://app.finbar.com/go?id=P31112900)[14](https://app.finbar.com/go?id=P37234994)[18](https://www.freddiemac.com/about/contact-us)[18](https://www.freddiemac.com/about/contact-us)

## Business segments

Freddie Mac reports two business segments: **Single-Family** and **Multifamily** [19](https://app.finbar.com/go?id=P24364395). Single-Family purchases, securitizes and guarantees single-family loans, invests in single-family loans and mortgage-related securities, and manages related mortgage credit and market risk; its reported results also include unallocated Treasury-function results [20](https://app.finbar.com/go?id=T3408339). Multifamily purchases, securitizes and guarantees multifamily loans, invests in multifamily loans and mortgage-related securities, and manages related mortgage credit and market risk [20](https://app.finbar.com/go?id=T3408339).

For the year ended December 31, 2025, Single-Family generated $19.859 billion of net revenues and $9.198 billion of net income, while Multifamily generated $3.412 billion and $1.533 billion, respectively [21](https://app.finbar.com/go?id=T2584522). Based on those reported figures, Single-Family contributed approximately 85.3% of total net revenues and 85.7% of net income; Multifamily contributed approximately 14.7% and 14.3%, respectively [21](https://app.finbar.com/go?id=T2584522).
[19](https://app.finbar.com/go?id=P24364395)[20](https://app.finbar.com/go?id=T3408339)[21](https://app.finbar.com/go?id=T2584522)[21](https://app.finbar.com/go?id=T2584522)[21](https://app.finbar.com/go?id=T2584522)[21](https://app.finbar.com/go?id=T2584522)

## Company history

Congress chartered the Federal Home Loan Mortgage Corporation in 1970 under the Emergency Home Finance Act. In 1971, Freddie Mac issued its first mortgage-backed participation certificates and began its Primary Mortgage Market Survey. [22](https://app.finbar.com/go?id=P12646397)[23](https://www.sec.gov/news/studies/mortgagebacked.htm)[24](https://www.freddiemac.com/pmms/pmms_archives)

In 1989, amendments to its charter created Voting Common Stock. [25](https://www.freddiemac.com/investors/faq) On September 6, 2008, the Federal Housing Finance Agency placed Freddie Mac into conservatorship. [26](https://app.finbar.com/go?id=P83261400) In 2019, Freddie Mac began issuing Uniform Mortgage-Backed Securities, marking a major change in the agency mortgage-securities market. [27](https://sf.freddiemac.com/docs/pdf/other/ss_at_a_glance.pdf)
[22](https://app.finbar.com/go?id=P12646397)[23](https://www.sec.gov/news/studies/mortgagebacked.htm)[24](https://www.freddiemac.com/pmms/pmms_archives)[25](https://www.freddiemac.com/investors/faq)[26](https://app.finbar.com/go?id=P83261400)[27](https://sf.freddiemac.com/docs/pdf/other/ss_at_a_glance.pdf)[23](https://www.sec.gov/news/studies/mortgagebacked.htm)[24](https://www.freddiemac.com/pmms/pmms_archives)[25](https://www.freddiemac.com/investors/faq)[27](https://sf.freddiemac.com/docs/pdf/other/ss_at_a_glance.pdf)

## Sources

1. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85061772)
2. [www.freddiemac.com](https://www.freddiemac.com/about/business)
3. [FEDERAL HOME LOAN MORTGAGE CORP — Press release (2025 Y)](https://app.finbar.com/go?id=T5437293)
4. [FEDERAL HOME LOAN MORTGAGE CORP — Press release (2025 Y)](https://app.finbar.com/go?id=D275409)
5. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144635049)
6. [sf.freddiemac.com](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-possible)
7. [sf.freddiemac.com](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-one)
8. [sf.freddiemac.com](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicerenovation)
9. [sf.freddiemac.com](https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicehome-mortgages)
10. [mf.freddiemac.com](https://mf.freddiemac.com/financing)
11. [mf.freddiemac.com](https://mf.freddiemac.com/financing/conventional)
12. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P26348898)
13. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P120860013)
14. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37234994)
15. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13728121)
16. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1307008)
17. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P31112900)
18. [www.freddiemac.com](https://www.freddiemac.com/about/contact-us)
19. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P24364395)
20. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3408339)
21. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2584522)
22. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P12646397)
23. [www.sec.gov](https://www.sec.gov/news/studies/mortgagebacked.htm)
24. [www.freddiemac.com](https://www.freddiemac.com/pmms/pmms_archives)
25. [www.freddiemac.com](https://www.freddiemac.com/investors/faq)
26. [FEDERAL HOME LOAN MORTGAGE CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P83261400)
27. [sf.freddiemac.com](https://sf.freddiemac.com/docs/pdf/other/ss_at_a_glance.pdf)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.