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Last $2.18 USD
Change Today +0.10 / 4.81%
Volume 2.1M
FMCC On Other Exchanges
Symbol
Exchange
OTC BB
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

8200 Jones Branch Drive

McLean, VA 22102

United States

Phone: 703-903-2000

Fax:

uency or default. It reevaluates its practice of removing delinquent loans from PCs and alter it if circumstances warrant. Customers This segment’s customers are primarily lenders that originate mortgages for homeowners and sell them to the company; and financial institutions that service these loans for the company. These companies include mortgage banking companies, commercial banks, community banks, credit unions, other non-depository financial institutions, state or local housing finance agencies, and thrift institutions. Majority of these companies are both sellers and servicers for the company. In addition, the company views investors and dealers in its guaranteed mortgage-related securities and investors and counterparties in risk transfer transactions as customers. The company’s major two single-family loan servicers, Wells Fargo Bank, N.A. and JPMorgan Chase Bank, N.A., serviced approximately 22% and 12%, respectively, of the company’s single-family mortgage loans as of December 31, 2014. Investments segment This segment reflects results from three primary activities, such as managing the company’s mortgage-related investments portfolio, excluding Multifamily segment investments and single-family seriously delinquent loans; managing the treasury function for the entire company, including funding and liquidity; and managing interest-rate risk for the entire company. This segment is focused on: Maintaining A Presence In The Agency Mortgage-Related Securities Market: The company’s activities in this market might include outright purchases and sales, dollar roll transactions, and structuring activities (resecuritizing existing agency securities into REMICs and selling some or all of the REMIC tranches). Maintaining A Portfolio Of Liquid Mortgage Assets Consistent With Liquidity Management Guidelines: The company evaluates the liquidity of its investments based on two categories, such as single-class and multiclass agency securities (excluding certain structured agency securities collateralized by non-agency mortgage-related securities); and assets that are less liquid than the agency securities noted above (mortgage loans and non-agency mortgage-related securities). Managing The Single-Family Performing Loans Obtained Through Cash Purchase Program: In conjunction with the single-family business, the company purchases loans from lenders for cash and securitizes the majority of them into Freddie Mac agency securities. These agency securities might be sold to dealers or investors, or retained in its Investments segment mortgage investments portfolio. Managing Single-Family Delinquent Loans Along With The Single-Family Business: This includes removing seriously delinquent loans from PC pools and selling loans, and could include other disposition strategies in the future. Managing Single-Family Reperforming Loans and Performing Modified Loans: This includes securitizing loans, structuring the resulting securities and selling some or all of the tranches, and could include selling loans or other disposition strategies in the future. Reducing the balance of the company’s non-agency mortgage-related securities through liquidations and sales, subject to various constraints, including market conditions. Managing The Treasury Function For The Entire Company, Including Funding and Liquidity, Through The Issuance Of Short-Term and Long-Term Unsecured Debt: The company maintains a liquidity and contingency operating portfolio of cash and non-mortgage investments for short-term liquidity management. Managing the interest-rate risk for the entire company through the use of derivatives and unsecured debt. Customers The company’s unsecured debt securities and structured mortgage-related securities are initially purchased by dealers and redistributed to their customers. The customers for its unsecured debt securities include insurance companies, money managers, central banks, depository institutions, and pension funds. Competition The company’s principal competitor is Federal National Mortgage Association. Multifamily segment This segment provides liquidity to the multifamily mark

 

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FMCC Competitors

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Company Last Change
Ally Financial Inc $21.94 USD +0.15
Ameriprise Financial Inc $114.14 USD -0.82
Commerzbank AG €10.12 EUR -0.101
CIC €186.50 EUR +1.00
Genworth Financial Inc $5.17 USD +0.12
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Industry Analysis

FMCC

Industry Average

Valuation FMCC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book NM Not Meaningful
Price/Cash Flow 0.2x
TEV/Sales NM Not Meaningful
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