Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last €1.97 EUR
Change Today -0.048 / -2.38%
Volume 175.0
As of 3:06 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

8200 Jones Branch Drive

McLean, VA 22102

United States

Phone: 703-903-2000

Fax:

Federal Home Loan Mortgage Corporation provides credit guarantee for mortgages originated by mortgage lenders in the primary mortgage market and investing in mortgage loans and mortgage-related securities. Segments The company operates through three segments: Single-family Guarantee, Investments, and Multifamily. Single-Family Guarantee segment This segment purchases and guarantees single-family mortgage loans originated by the company’s seller/servicers in the primary mortgage market. In various instances, the company uses the mortgage securitization process to package the mortgage loans into guaranteed mortgage-related securities. Single-Family Mortgage Market The company participates in the secondary mortgage market primarily by purchasing mortgage loans and mortgage-related securities and by issuing guaranteed mortgage-related securities. This segment purchases and securitizes ‘single-family mortgages’, which are mortgages that are secured by one- to four-family properties. Securitization Activities The company’s securitization activities primarily involve participation certificates (PCs), and real estate mortgage investment conduits (REMICs) and other structured securities. PCs: The company’s PCs are single-class pass-through securities that represent undivided beneficial interests in trusts that hold pools of mortgages. For the fixed-rate PCs that the company issues, it guarantees the payment of principal and interest. For its adjustable-rate mortgage (ARM) PCs, the company guarantees the payment of the weighted average coupon interest rate for the underlying mortgage loans. The company also guarantees the full and final payment of principal, but not the payment of principal, on ARM PCs. The company issues majority of its PCs in transactions in which its customers provide the company with mortgage loans in exchange for PCs. The company refers to these transactions as guarantor swaps. The company also issues PCs in transactions in which the company purchases mortgage loans for cash and securitize them for retention in its mortgage-related investments portfolio or to sell them to third parties. The company might sell these PCs in a ‘cash auction’. REMICs and Other Structured Securities: The company’s REMICs and Other structured securities represent beneficial interests in pools of PCs and certain other types of mortgage-related assets. It creates these securities (which could be either single-class or multiclass) primarily by using PCs or previously issued REMICs and other structured securities as the underlying collateral. Single-class securities involve the straight pass-through of all of the cash flows of the underlying collateral to holders of the beneficial interests. The company’s primary multiclass securities qualify for tax treatment as REMICs. Similar to the company’s PCs, it guarantees the payment of principal and interest to the holders of tranches of its REMICs and other structured securities. The company issues majority of its REMICs and other structured securities in transactions in which securities dealers or investors sell the company mortgage-related assets or it exchanges its own mortgage-related assets (PCs and REMICs and other structured securities) for the REMICs and other structured securities. Other Guarantee Transactions The company also issues mortgage-related securities to third parties in exchange for non-Freddie Mac mortgage-related securities. It refers to these as Other Guarantee Transactions. The non-Freddie Mac mortgage-related securities are transferred to trusts that are primarily created for the purpose of issuing securities, or certificates, in the other guarantee transactions. The company’s primary other guarantee transactions are multifamily K Certificates. Single-Family PC Trust Documents The company establishes trusts for all of its issued PCs pursuant to its PC master trust agreement. The company uses PC trusts to hold the underlying mortgage loans separate and apart from its corporate assets. The company has the option to remove a mortgage loan from a PC trust under certain circumstances to resolve an existing or impending delinq

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FHL:GR €1.97 EUR -0.048

FHL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ally Financial Inc $20.58 USD -0.61
Ameriprise Financial Inc $108.52 USD -1.10
Commerzbank AG €9.68 EUR -0.30
CIC €186.00 EUR +0.60
Genworth Financial Inc $5.02 USD -0.12
View Industry Companies
 

Industry Analysis

FHL

Industry Average

Valuation FHL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book NM Not Meaningful
Price/Cash Flow 0.2x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FREDDIE MAC, please visit www.freddiemac.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.