Business Description
Founded in 1970 and based in McLean, Virginia, Federal Home Loan Mortgage Corporation ? commonly known as Freddie Mac ? helps keep money flowing through the U.S. housing market by buying mortgages from lenders, packaging them into securities, and guaranteeing payments to investors. Its single-family division works with a wide range of lenders, from large commercial banks to small credit unions, supporting the financing of individual homes. Its multifamily division does much the same for apartment buildings and other rental properties, serving institutional investors such as pension funds, insurance companies, and government entities.
