Freddie Mac - FRE- Profile

Freddie Mac. The Group's principal activities are to purchase and finance single-family and multi-family residential mortgages. It also provides mortgage-related services. The Group purchases mortgages from lenders and then pools and packages the mortgages into securities and markets those securities to the investors. The lenders include mortgage banking companies, commercial banks, savings banks, savings and loan associations, credit unions and state and local housing finance agencies. The Group guarantees principal and interests payments on mortgage-backed securities. The operations are carried out in Washington DC, Virginia, Georgia, Illinois, Texas, New York and California. Purchases and finances single-family and multifamily residential mortgages