2 Followers USX:FMCC - Federal Home Loan Mortgage Corp Federal Home Loan Mortgage Cor
Sector: Financials, Industry: Thrifts & Mortgage Finance
Next Earnings: 1 May 2024
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USD 1.62    -0.06 (-3.57%)

27 Mar 2024


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General

CEO: Mr. Michael J. DeVito

IPO: 1989-03-03

Headquarters: US

Employees: 7,799

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Description

Federal Home Loan Mortgage Corp is a US based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. It operates in the following segments: Single-family, Multifamily. Its Single-family segment provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders. The company purchases multifamily loans for aggregation and then securitization through the issuance of multifamily K Certificates as well as issues and guarantees other securitization products. Majority of the revenue is earned from single family segment.

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