Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners.
The Current Landscape
Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting our business under the direction of the Federal Housing Finance Agency (FHFA).
We are focused on meeting the urgent liquidity needs of the U.S. residential mortgage market, lowering costs for borrowers and supporting the recovery of the housing market and U.S. economy. By continuing to provide access to funding for mortgage originators and, indirectly, for mortgage borrowers and through our role in the federal Making Home Affordable program, we are working to
- Meet the needs of the mortgage market by making homeownership and rental housing more affordable
- Reduce the number of foreclosures
- Help families keep their homes and obtain more sustainable mortgages
Freddie Mac is both mindful and appreciative of the federal financial support we have received, and as an institution in conservatorship, we are highly focused on being good stewards of this support.
Freddie Mac Photos
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“The work was often interesting and exciting, rarely boring, and the atmosphere was generally positive. ”
- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Freddie Mac full-time (more than 10 years)Pros
Employees were often long-serving, meaning there was a wealth of experience and corporate knowledge which was very helpful when dealing with new issues or problems. Despite the troubles the company faces in the wake of the recent economic and housing finance crisis, employees remained upbeat and worked hard to find solutions. Company policy was admirably flexible on matters such as alternative work arrangements (teleworking, etc,).Cons
Promotion prospects were very limited, at least in my division. There was a lack of transparency concerning the departure of senior executives, which left people concerned about hidden problems affecting the company. The uncertainty as to the future of the company, following the 2008 conservatorship, was troubling to many employees because it put many people in doubt as to their career prospects.
Getting an Interview
Getting an Interview
- Application Details
I applied through college or university. The process took 6 weeks – interviewed at Freddie Mac in November 2014.Interview Details
First round phone interview second round at the headquarters in their DC office. The second round of interviews consisted of an accounting case study and two 45 minute interviews. We were also given a tour of the campus and a chance to ask analysts questionsInterview Questions
Accepted OfferPositive ExperienceEasy Interview
- All of the questions were incredibly straight forward Answer Question
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily...
Mission: Freddie Mac helps people own, rent, and keep their homes by providing liquidity, stability and affordability to the nation's residential mortgage markets.