Freddie Mac
Freddie Mac is a U.S. government-sponsored enterprise that operates in the secondary mortgage market, purchasing residential mortgages from approved lenders, pooling them into guaranteed mortgage-backed securities, and selling those securities to global institutional investors. It serves lenders, multifamily developers, and investors alongside Fannie Mae.
- Company typePublic
- Founded1970
- HeadquartersMclean, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Freddie Mac does
Freddie Mac is a U.S. government-sponsored enterprise (GSE) chartered by Congress in 1970 that operates in the secondary mortgage market. Rather than lending directly to borrowers, it purchases residential mortgages from approved lenders (banks, credit unions, and mortgage companies), pools them into mortgage-backed securities (MBS), guarantees those securities, and sells them to global institutional investors. Together with Fannie Mae, the two GSEs own or guarantee approximately 70% of the U.S. mortgage market. Freddie Mac has operated under Federal Housing Finance Agency (FHFA) conservatorship since September 2008 and trades publicly on OTC markets under ticker FMCC. As of Q1 2026, the company reported a $3.7 trillion mortgage portfolio, net worth of approximately $74 billion, Q1 net revenues of $6.1 billion, and Q1 net income of $3.6 billion (up 27% year-over-year), though a ~$105 billion regulatory capital shortfall persists.
The company operates through Single-Family and Multifamily divisions, supported by a Capital Markets unit. Core technology and product platforms include: the Primary Mortgage Market Survey (PMMS), the industry-benchmark weekly mortgage rate index; Loan Product Advisor and the AIM Check API, which deliver automated underwriting and income validation to lenders; the Single-Family Loan-Level Dataset, a comprehensive research repository; and credit risk transfer programs including STACR (Structured Agency Credit Risk) notes, SCRT seasoned-loan securitizations, SLST seasoned-loan trusts, and FREMF multifamily CMBS. The company also publishes the AI/ML Governance Framework governing seller/servicer model risk practices and recently adopted VantageScore 4.0 as an alternative credit scoring model. Sub-brands include My Home by Freddie Mac (consumer portal), CreditSmart (financial education), and HomeSteps (REO disposition).
Freddie Mac serves a two-sided market. On the supply side, lenders and seller-servicers originate mortgages and sell them to Freddie Mac to replenish capital and transfer credit risk. On the demand side, global institutional investors (pension funds, mutual funds, insurance companies, banks) purchase Freddie Mac-guaranteed MBS for stable, government-backed yield. Customer segments include single-family borrowers (indirect, via lenders), multifamily property owners and developers, lenders and seller-servicers, and institutional investors. Revenue is generated through guarantee fees (subscription/recurring, charged over the life of the loan) and securities issuance spreads (transaction fees). The company is headquartered in McLean, Virginia, with regional offices in Atlanta, Chicago, Dallas, Irvine, and Jersey City.
Freddie Mac firmographics
Firmographics- Name
- Freddie Mac
- Legal name
- Federal Home Loan Mortgage Corporation
- Website
- https://freddiemac.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Freddie Mac is a U.S. government-sponsored enterprise that operates in the secondary mortgage market, purchasing residential mortgages from approved lenders, pooling them into guaranteed mortgage-backed securities, and selling those securities to global institutional investors. It serves lenders, multifamily developers, and investors alongside Fannie Mae.
- Ownership category
- akta.pro rank
Freddie Mac industry classification
Industry- Product category
- Mortgage Finance (Secondary Mortgage Market)
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Government-Sponsored Enterprises (GSEs) & Government Mortgage Liquidity Providers (FSALAKAC)
- akta.pro secondary industries
- Agency MBS Securitization & Issuance (GSE/Ginnie) (FSALAFAA), Mortgage-Backed Securities (MBS) Trading, Market Making & Liquidity Provision (FSALAFAF), Mortgage-Backed Securities (RMBS/CMBS) (FSACACAB), Agency (GSE) Multifamily Lending (FSALADAD), Mortgage Secondary Data, Analytics & Pricing/Valuation Services (FSALAFAN)
Keywords
Where Freddie Mac is headquartered
LocationHeadquarters
- HQ city
- Mclean
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Freddie Mac business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Others
Revenue model
- Guarantee Fees: Freddie Mac generates revenue by charging management and guarantee fees for accepting and managing the risks associated with mortgages it purchases and guarantees. These fees are collected from lenders and borrowers over the life of the loans.
- Securities Issuance: Freddie Mac pools mortgages into mortgage-backed securities (MBS) and sells them to global investors including pension funds, mutual funds, insurance companies, and banks. Revenue is generated through the spread between guaranteed securities and the underlying mortgage assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | 30-year fixed-rate mortgage average |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels10 records
Freddie Mac product offering
Product offeringCore offering
Freddie Mac is a government-sponsored enterprise (GSE) that operates in the U.S. secondary mortgage market, purchasing single-family and multifamily mortgages from approved lenders (sellers/servicers), pooling them into mortgage-backed securities (MBS), guaranteeing the securities, and selling them to global institutional investors. The company does not lend directly to consumers; it provides liquidity, stability, and affordability to the housing finance system through securitization, credit risk transfer programs (STACR, SCRT, SLST), and automated underwriting technology (Loan Product Advisor, AIM Check).
Product overview
Freddie Mac is a government-sponsored enterprise that operates two primary business segments — Single-Family and Multifamily — providing liquidity, stability, and affordability to the U.S. housing market under all economic conditions. Rather than lending directly to borrowers, Freddie Mac operates in the secondary mortgage market, purchasing loans from approved lenders, securitizing them, and selling mortgage-backed securities to global investors. The Single-Family Division is the core business, handling residential mortgage purchases and securitization through programs including SLST (Seasoned Loan Securitization Trust) and STACR (credit risk transfer), while the AIM Check / Loan Product Advisor system provides automated underwriting and loan quality validation for lenders. The Multifamily Division provides financing for apartment buildings via its CMBS program (FREMF) and competes with debt funds on near-stabilized assets. Freddie Mac also publishes the Primary Mortgage Market Survey (PMMS), the industry's standard weekly benchmark for mortgage rates, and serves consumers directly through My Home by Freddie Mac (homebuyer education and tools) and CreditSmart (financial literacy resources). In 2026, Freddie Mac expanded its technology offerings by adopting VantageScore 4.0 as an alternative credit scoring model for mortgage underwriting, the first major update to GSE credit scoring in decades.
Differentiator
Problem solved
Functional benefit
Brands
- My Home by Freddie Mac: Resources and tools for renters, buyers, and owners to help navigate homeownership journey
- CreditSmart
- HomeSteps
Products and services
- Single-Family Mortgage Purchase & Securitization Freddie Mac's primary business segment for purchasing, securitizing, and guaranteeing single-family (1-4 unit) residential mortgages originated by approved lenders. Provides lenders with capital replenishment and risk transfer while enabling a continuous flow of mortgage funds to U.S. homebuyers.
- Multifamily Loan Financing Financing for apartment buildings and other multifamily rental properties through Freddie Mac's Multifamily Division, including standardized loan products, lease-up programs, and Sponsor-Dedicated Workforce products. FHFA caps multifamily originations at $88 billion per agency per year.
- Primary Mortgage Market Survey (PMMS) Freddie Mac's flagship weekly survey of average U.S. mortgage rates, serving as the industry-standard benchmark for mortgage pricing and homebuyer reference.
- Loan Product Advisor / AIM Check Automated underwriting system enabling lenders to evaluate borrower credit, income, and loan eligibility. AIM Check API provides automated income validation for W-2 borrowers with integration into lender loan origination systems.
- STACR (Structured Agency Credit Risk) Notes Credit risk transfer securities that shift mortgage credit risk from Freddie Mac's portfolio to private capital markets investors through structured notes tied to reference pools of residential mortgages.
- SCRT (Seasoned Credit Risk Transfer Trust) Securitization program for seasoned re-performing mortgage loans, issuing guaranteed senior certificates and non-guaranteed subordinate securities to investors while shedding credit and market risk from Freddie Mac's investment portfolio.
- SLST (Seasoned Loan Securitization Trust) Program for securitizing seasoned mortgage loans (both re-performing and non-performing) into guaranteed senior and non-guaranteed subordinate securities for institutional investors.
- FREMF (Freddie Mac Multifamily) CMBS Commercial mortgage-backed securities program for multifamily loans, packaging pools into rated CMBS transactions guaranteed by Freddie Mac to provide financing for apartment communities across the U.S.
- My Home by Freddie Mac Consumer-facing digital platform with calculators, checklists, educational content, and lookup tools (Loan Lookup, Rental Lookup) for renters, buyers, owners, and refinancers navigating the housing journey.
- CreditSmart Free online financial and homeownership education program in English and Spanish covering credit basics, home buying, wealth building, and financial resilience.
- VantageScore 4.0 Adoption for Mortgage Underwriting Adoption of VantageScore 4.0 as an alternative credit scoring model for mortgage underwriting, incorporating rent and utility payment history and trended credit data to expand access to homeownership for historically underserved borrowers.
Quantifiable outcome
- Freddie Mac securitized over $78 billion of seasoned re-performing loan assets to date
- +2 more outcomes
Companies that use Freddie Mac
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Freddie Mac technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature5 records
Freddie Mac partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- BerkadiaminorBerkadia arranged $35.2 million refinancing for Indian Lake Village Apartments, with the loan purchased by Freddie Mac on behalf of sponsor Fenton Management Company.
- Luminate BankminorLuminate Bank received two Freddie Mac Home Possible RISE Awards for 2026, recognizing excellence in helping low-income borrowers access affordable home financing through Home Possible and HFA Advantage mortgages.
- Linc HousingminorLinc Housing and American Family Housing opened Azure, an 89-unit supportive housing community in Anaheim, California, partially funded through Freddie Mac financing as part of California's Project Homekey program.
- American Family HousingminorNon-profit housing developer partnered with Linc Housing on Azure supportive housing project, with Freddie Mac providing financing as part of the Project Homekey initiative.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
Freddie Mac competitors and assessment
Company assessmentDirect peers
- Fannie Mae: The other US government-sponsored enterprise operating in the secondary mortgage market, jointly guaranteeing roughly 70% of US mortgages with Freddie Mac and running parallel Single-Family and Multifamily divisions with nearly identical business models.
- Ginnie Mae: A US government agency within HUD that guarantees mortgage-backed securities backed by FHA, VA, and USDA loans, operating as a direct parallel to Freddie Mac in agency MBS issuance and securitization.
- Federal Home Loan Banks (FHLBank System): A network of US government-sponsored enterprises providing liquidity to member banks through advances and letter of credit, serving a complementary housing-finance role alongside Freddie Mac within the GSE framework.
Broad incumbents
- JPMorgan Chase: One of the largest US mortgage originators and a major institutional investor in agency MBS, with significant overlap in lender/seller relationships and a broad balance sheet competing across the housing finance value chain.
- Wells Fargo: Top-tier US mortgage originator and one of the largest sellers/servicers to Freddie Mac, also issuing CMBS and structured products — overlapping heavily with Freddie Mac on both the origination and securitization sides.
Emerging players
- Rocket Mortgage: The largest US mortgage originator with a direct-to-consumer model, serving as a major seller of loans into the GSE secondary market and increasingly competing on technology and borrower experience.
- United Wholesale Mortgage: The largest wholesale mortgage lender in the US, focused exclusively on the broker channel, supplying significant loan volume to GSEs including Freddie Mac and competing on speed and broker experience.
- PennyMac Financial Services: A major US mortgage lender and servicer focused on agency conforming loans, with significant business tied to GSE securitization including Freddie Mac's program.
- Mr. Cooper: One of the largest US mortgage servicers and active originators, with substantial servicing exposure to Freddie Mac-owned loans and overlap in loan aggregation and securitization.
Others
- ICE Mortgage Technology (Black Knight): Leading provider of mortgage technology infrastructure used by lenders selling loans to Freddie Mac, including loan origination systems, servicing platforms, and data — a key enabling partner in the GSE ecosystem.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Freddie Mac social profiles
Digital presenceFreddie Mac financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freddie Mac leadership team
Management profileNumber of profiles
Profiles10 records
Freddie Mac funding detail
Funding detailFunding overview
Funding rounds8 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freddie Mac M&A and investment
M&A and investmentM&A
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freddie Mac
What does Freddie Mac do?
Freddie Mac is a government-sponsored enterprise (GSE) that operates in the U.S. secondary mortgage market, purchasing single-family and multifamily mortgages from approved lenders (sellers/servicers), pooling them into mortgage-backed securities (MBS), guaranteeing the securities, and selling them to global institutional investors. The company does not lend directly to consumers; it provides liquidity, stability, and affordability to the housing finance system through securitization, credit risk transfer programs (STACR, SCRT, SLST), and automated underwriting technology (Loan Product Advisor, AIM Check).
Is Freddie Mac a public or private company?
Freddie Mac is a public company. It is classified as public and is currently operating.
When was Freddie Mac founded?
Freddie Mac was founded in 1970. It employs 5,001 to 10,000 people.
Where is Freddie Mac based?
Freddie Mac is headquartered in Mclean, United States, in the North America region.
How does Freddie Mac make money?
Two revenue lines are on record. Guarantee Fees are the primary driver. The others are securities Issuance.
Who are Freddie Mac's main competitors?
Direct peers on record are Fannie Mae, Ginnie Mae and Federal Home Loan Banks (FHLBank System). Broad incumbents are JPMorgan Chase and Wells Fargo. Emerging players are Rocket Mortgage, United Wholesale Mortgage, PennyMac Financial Services and Mr. Cooper. ICE Mortgage Technology (Black Knight) is listed as an others.
Does Freddie Mac have an API?
Yes. Freddie Mac offers the AIM Check API (part of Loan Product Advisor) as a partner-facing interface enabling lender systems to submit borrower data for automated income validation and loan quality checks. Lenders can integrate their loan origination systems to simultaneously evaluate borrower income through both the Candor Loan Engineering System and Freddie Mac's AIM Check in a single-stream submission workflow. The API supports representation and warranty relief eligibility for W-2 income calculations.
What industry is Freddie Mac in?
Freddie Mac's product category is Mortgage Finance (Secondary Mortgage Market). Its primary akta.pro industry code is FSALAKAC, Government-Sponsored Enterprises (GSEs) & Government Mortgage Liquidity Providers, with a secondary code of FSALAFAA, Agency MBS Securitization & Issuance (GSE/Ginnie). Its NAICS code is 525 and its SIC code is 6162.