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Freddie Mac (FMCC)

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Last Post: 4/28/2017 10:03:52 AM - Followers: 590 - Board type: Free - Posts Today: 0

Company Profile
Every day we help millions of families in neighborhoods across America buy their own homes or enjoy quality and affordable rental housing by linking them to the world's capital markets. In the process we reduce the costs of housing finance and expand housing opportunities for all families, including low-income and minority families. It is a unique mortgage finance system that makes homeownership a reality for more of America's families.
To further support our mission, we initiate community development lending projects and promote consumer education to improve financial literacy. This helps build strong families and thriving neighborhoods in the communities we help finance.
Business Motto
In 1970, Congress created Freddie Mac with a few important goals in mind:
  • Make sure that financial institutions have mortgage money to lend
  • Make it easier for consumers to afford a decent house or apartment
  • Stabilize residential mortgage markets in times of financial crisis
To fulfill this mission, Freddie Mac conducts business in the U.S. secondary mortgage market – meaning we do not originate loans – and works with a national network of mortgage lending customers. We have three business lines: a Single Family Credit Guarantee business for home loans; a Multifamily business for apartment financing; and an investment portfolio.
Single-Family Credit Guarantee Business
Multifamily Business
Investment Business

Conservatorship and Treasury Agreement Background

Corporate Office Locations
Headquarters - Freddie Mac Addresses
Get directions to each office location by selecting the office name below.
·         HQ 1 - PHO I
8200 Jones Branch Drive
McLean, VA 22102-3110
(703) 903-2000
Toll free: 1-800-424-5401
·         HQ 2 - PHO II 
8250 Jones Branch Drive
McLean, VA 22102-3110
(703) 918-5000
·         HQ 3 - PHO III
8100 Jones Branch Drive
McLean, VA 22102-3110
(703) 714-2500
·         HQ 4 - PHO IV
1551 Park Run Drive
McLean, VA 22102-3110
(571) 382-3000
·         Building 8000 
8000 Jones Branch Drive
McLean, VA 22102
(703) 388-7000
View all our Washington DC Metro Area Offices and Regional Locations

Freddie Mac's Leadership Team:

Donald H. Layton
Chief Executive Officer

             Donald H. Layton is chief executive officer of Freddie Mac, a publicly traded company that is one of the 
                largest sources of mortgage financing in the United States and a leader in the nation's efforts to keep families
in their homes and stabilize the housing market.


Corporate Financials


~~~~~FMCC DD BY  ~ Blue ~ ~~~~~

FMCC ~expected $40 billion profit DD with Links~

1) First Quarter 2013 Financial Results
First quarter 2013 net income was $4.6 billion – the second largest in company history, compared to $4.5 billion in the fourth quarter of 2012 First quarter 2013 comprehensive income was $7.0 billion, compared to $5.7 billion in the fourth quarter of 2012

Through March 31, 2013, Freddie Mac has requested cumulative draws totaling $71.3 billion. While Freddie Mac has paid aggregate cash dividends to Treasury of $29.6 billion through March 31, 2013.
page 3


2) It could record gains on $30.1 billion worth of assets it had written down as early as in the second quarter, leading to an even bigger payment.

(Remember its sibling FNMA posted at Q1 deferred tax gains)

3) FMCC is one of the most profitable financial firm in USA

FNMA 8.1 billion profit from operation.

JP MORGAN $6.5 billion profit

WELLS FARGO $5.1 billion profit

Berkshire Hathaway $4.8 billion profit.

FMCC 4.6 billion dollars net profit.



Treasury reports $113B surplus because of FMCC and FNMA's big contribution

The government will also benefit next month from a $59.4 billion payment from mortgage giant Fannie Mae and a $7 billion payment from Freddie Mac. The mortgage giants are profitable again and are paying dividends to the government in return for the loans the received during the financial crisis.

Treasury Secretary Jacob Lew said in an interview with CNBC Friday that in part because of Fannie's payment, the government's borrowing limit won't be reached until "at least after Labor Day" in early September. Many analysts had expected another budget battle this summer. In 2011, a dispute between the Obama Administration and Congress over whether to raise the limit lasted until the deadline.

5) 18 banks sued by the U.S. to recoup $200.5 billion spent on mortgage-backed securities bought by Fannie Mae and Freddie Mac

1. Ally Financial Inc. f/k/a GMAC, LLC ($6 billion)
2. Bank of America Corporation ($6 billion)
3. Barclays Bank PLC ($4.9 billion)
4. Citigroup, Inc. ($3.5 billion)
5. Countrywide Financial Corporation ($26.6 billion)
6. Credit Suisse Holdings (USA), Inc.($14.1 billion)
7. Deutsche Bank AG ($14.2 billion)
8. First Horizon National Corporatio ($883 million)
9. General Electric Company ($549 million)
10. Goldman Sachs & Co.($11.1 billion)
11. HSBC North America Holdings, Inc. ($6.2 billion)
12. JPMorgan Chase & Co.($33 billion)
13. Merrill Lynch & Co. / First Franklin Financial Corp. ($24.8 billion)
14. Morgan Stanley ($10.6 billion)
15. Nomura Holding America Inc.($2 billion)
16. The Royal Bank of Scotland Group PLC($30.4 billion)
17. Société Général($1.3 billion)
18. UBS, Swiss Bank, ($4.5 billion)

6) Winding down theory collapsed because

The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015.. ALSO THE COMPANY POSTS MONSTER PROFITS.

By Christina Mlynski
• April 11, 2013 • 10:07am

The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015.

The program was set to expire at the end of this year.

FHFA determined that extending the program will provide borrowers additional opportunities to refinance, give clear guidance to lenders and reduce losses for the government-sponsored enterprises and taxpayers.

"More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk," said Ed DeMarco, acting director of the FHFA.

He added, "We are extending the program so more underwater borrowers can benefit from the lower interest rates."

Additionally, FHFA will soon launch a campaign to inform homeowners about HARP. The campaign will educate consumers about the program, its eligibility requirements and provide options on how to utilize the program before it ends.

Fannie and Freddie’s regulator recently announced a two-year extension for HARP. The program had had been slated to expire at the end of this year, and will now run through 2015.


Q: What are the goals of this conservatorship?

A: The purpose of appointing the Conservator is to preserve and conserve the Company’s assets and property and to put the Company in a sound and solvent condition. The goals of the conservatorship are to help restore confidence in the Company, enhance its capacity to fulfill its mission, and mitigate the systemic risk that has contributed directly to the instability in the current market. There is no reason for concern regarding the ongoing operations of the Company. The Company’s operation will not be impaired and business will continue without interruption.
Q: When will the conservatorship period end?

A: Upon the Director’s determination that the Conservator’s plan to restore the Company to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship. At present, there is no exact time frame that can be given as to when this conservatorship may end.

8) FHFA new annual Report: The Enterprises cannot remain in conservatorship permanently, and expanding private sector participation is essential for the long-term health of the mortgage market.


9) INTERESTING!! White House budget document says FNMA/FMCC are privately owned company(!), it didn't say THE GOVERNMENT ENTERPRISES.

The Federal National Mortgage Association (Fannie Mae) is a
Government-sponsored enterprise (GSE) in the housing finance
market. As a housing GSE, Fannie Mae is a federally chartered, privately owned company with a public mission to provide stability in and to increase the liquidity of the residential mortgage market and to help increase the availability of mortgage credit to low- and moderate-income families and in underserved areas. Fannie Mae engages primarily in two forms of business: guaranteeing residential mortgage securities and investing in portfolios of residential mortgages

9) FMCC/FNMA Shareholders Challenge U.S. Takeover in Suit
The shareholders’ complaint seeking $41 billion
in damages was filed by the Seattle-based law firm Hagens Berman Sobol Shapiro LLP, a lead counsel in class-action lawsuits including those against Toyota Motor Corp. (7203) over the unexpected sudden acceleration of vehicles.

10) HEDGE FUND Perry Capital Sues U.S. Treasury Over Fannie Mae and Freddie Mac Takeover

By Joe Schneider & Clea Benson - Jul 7, 2013 8:44 PM ET

Hedge fund firm Perry Capital LLC sued the U.S. Treasury Department claiming the government’s seizure of all profits from Fannie Mae and Freddie Mac is illegal and has destroyed shareholders’ holdings.

11) FMCC CEO was Former E-Trade and JP Morgan CEO

12) Giant Hedge Funds lobbying for the Government Senior preferred shares.

According to Bloomberg and Baron news, Hedge funds offering 182 billion dollars for the government's senior preferred shares.

Based on combined 2012 pretax profits of $28 billion and a conservative 6.5 price/earnings ratio, the two could easily raise $182 billion in the stock market, according to the investors.

Hedge Funds: Paulson & Co. is among funds that met with members of the Senate Banking Committee and with staff members in the House of Representatives, said two of the people briefed on the matter. Claren Road Asset Management LLC and Perry Capital LLC also have lobbied.

13) If the Hedge Funds plan accepted by the government Conservator-ship will end. FNMA will be owned by shareholders.
The government invested 117.1 billion dollars to FNMA and got senior preferred shares. So far got 95 billion dollars dividend. Plus with new IPO the government can sell its shares on the market at 182 billion dollars. It means U.S. government invested 117.1 billion dollars it will get 277 billion dollars within 4 years. Awesome return.
14) Fortune 500 list: FMCC #31,


Rank Company Name Revenues ($b) Profits ($mm)

1 Wal-Mart Stores 469.2 16,999
2 Exxon Mobil 449.9 44,880
3 Chevron 233.9 26,179
4 Phillips 66 169.6 4,124
5 Berkshire Hathaway 162.5 14,824
6 Apple 156.5 41,733
7 General Motors 152.3 6,188
8 General Electric 146.9 13,641
9 Valero Energy 138.3 2,083
10 Ford Motor 134.3 5,665
11 AT&T 127.4 7,264
12 Fannie Mae 127.2 17,220
13 CVS Caremark 123.1 3,876.9
14 McKesson 122.7 1,403
15 Hewlett-Packard 120.4 -12,650
16 Verizon Communications 115.8 875
17 UnitedHealth Group 110.6 5,526
18 J.P. Morgan Chase & Co. 108.2 21,284
19 Cardinal Health 107.6 1,069
20 International Business Machines 104.5 16,604
21 Bank of America Corp. 100.1 4,188
22 Costco Wholesale 99.1 1,709
23 Kroger 96.8 1,496.5
24 Express Scripts Holding 94.4 1,312.9
25 Wells Fargo 91.2 18,897
26 Citigroup 90.8 7,541
27 Archer Daniels Midland 89 1,223
28 Procter & Gamble 85.1 10,756
29 Prudential Financial 84.8 469
30 Boeing 81.7 3,900
31 Freddie Mac 80.6 10,982
32 AmerisourceBergen 79.7 719
33 Marathon Petroleum 76.8 3,389
34 Home Depot 74.8 4,535
35 Microsoft 73.7 16,978
36 Target 73.3 2,999
37 Walgreen 71.6 2,127
38 American International Group 70.1 3,438
39 INTL FCStone 69.3 15
40 MetLife 68.2 1,324
41 Johnson & Johnson 67.2 10,853
42 Caterpillar 65.9 5,681
43 PepsiCo 65.5 6,178
44 State Farm Insurance Cos. 65.3 3,159.2
45 ConocoPhillips 63.4 8,428
46 Comcast 62.6 6,203
47 WellPoint 61.7 2,655.5
48 Pfizer 61.2 14,570
49 61.1 -39
50 United Technologies 59.8 5,130

DD Links

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   FMCC Transfer Agent 

Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078
(781) 575-2879

Hearing Impaired/TDD: (800) 952-9245

Overnight Deliveries:
250 Royall Street
Canton, MA 02021-1011

FMCC Contact Info:
FMCC Investor Relations group 
8200 Jones Branch Drive, MS 486, McLean, VA 22102-3110
(703) 903-3883

News Releases

Freddie Mac Media Room
Daily Chart
Provided by Recognizer on 4/4/11 -
Most above the 20MA and MacD close to money line, ready to turn on FMCC.

Discovery Schedule:

• Discovery shall commence on Monday, April 7, 2014, and shall be completed by Thursday, July 31, 2014.
• During the discovery period, the court will conduct a telephonic status conference every two weeks, unless both parties concur and inform the court that a status conference is not necessary. Additionally, the court will make itself available if a dispute requiring its immediate attention arises at any other time during the discovery period. Status conferences shall take place on:
• Wednesday, April 23, 2014, at 1:00 p.m.
• Wednesday, May 7, 2014, at 11:00 a.m.
• Wednesday, May 21, 2014, at 11:00 a.m.
• Wednesday, June 4, 2014, at 11:00 a.m.
• Wednesday, June 18, 2014, at 11:00 a.m.
• Wednesday, July 2, 2014, at 11:00 a.m.
• Wednesday, July 16, 2014, at 11:00 a.m.
Wednesday, July 30, 2014, at 11:00 a.m.

DISCLAIMER: All statements posted here are only opinions and not an investment advice of any kind. Do your own DD or consult a professional financial advisor and trade/invest at your own risk.

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Current Price
Bid Ask Day's Range
#41158  Sticky Note Jaren writes about GSEs and how Sec of trunkmonk 02/05/17 09:51:24 AM
#41313   Why? You'd have to convert preferred's to common anyways. teifhals 04/28/17 10:03:52 AM
#41312   If you were smart would sell preferreds asap jarenawer 04/28/17 08:54:23 AM
#41311   Freddie Mac has a smaller share structure than 1956 Packard 04/28/17 08:18:52 AM
#41310   It doesn't matter which one you buy. onedayyyyyyyyy 04/28/17 03:08:52 AM
#41309   Hi, new here, so I don't know if Bull5 04/27/17 08:54:47 PM
#41308   Mortgage rates rise. onedayyyyyyyyy 04/27/17 12:34:45 PM
#41307   Oh oh .... onedayyyyyyyyy 04/27/17 09:45:25 AM
#41306   I wonder what is the power driving Joe jarenawer 04/27/17 06:45:41 AM
#41305   I am locked and loaded. Ready for the Stockman1010101 04/25/17 09:28:10 PM
#41304   if it gets to 10, its because its trunkmonk 04/25/17 06:11:11 PM
#41303   $10 is right around the corner. Loading time Stockman1010101 04/25/17 05:46:33 PM
#41302   Coming back, 2.7 up 8%. Picking up steam. trunkmonk 04/25/17 03:51:59 PM
#41301   Holding well, above 2.65 most of day with trunkmonk 04/25/17 03:10:56 PM
#41300   agree, this country would be no different than trunkmonk 04/21/17 06:36:36 AM
#41299   Maybe tomorrow might be the light at the Stockman1010101 04/21/17 03:26:14 AM
#41298   oh me oh my. trunkmonk 04/20/17 08:21:58 PM
#41297   Unfortunately its all BS, nothing is happening, especially trunkmonk 04/20/17 05:36:16 PM
#41296   Utility model is not an option. Mnuchin said jarenawer 04/20/17 04:20:44 PM
#41295   Trump, an executive order is in order here. trunkmonk 04/20/17 04:06:13 PM
#41294   Much more good news it will go to trunkmonk 04/20/17 12:51:05 PM
#41293   Can executive privilege be used to cover a Lite 04/20/17 11:51:20 AM
#41292   It would be 100 times more credible for Stockman1010101 04/20/17 11:35:26 AM
#41291   Attorney General publicly said that the insurers money jarenawer 04/20/17 11:22:15 AM
#41290   There is no mention of GSE NWS in Stockman1010101 04/20/17 11:19:51 AM
#41289   Game over, NWS is dead. jarenawer 04/19/17 05:16:37 PM
#41288   Investors Unite, Corker appears to have conflicts of trunkmonk 04/14/17 08:14:24 PM
#41287   good stuff. trunkmonk 04/11/17 06:16:16 PM
#41285   News after hours jarenawer 04/11/17 03:52:20 PM
#41284   Didn't even look, big news would create 10s trunkmonk 04/11/17 03:49:32 PM
#41283   Any news out there driving this? tuzedaze 04/11/17 03:37:57 PM
#41282   Over 2.5, but no big volume, yet...coming down trunkmonk 04/11/17 03:35:00 PM
#41281   Nice bump today, up 17c to to trunkmonk 04/11/17 03:30:54 PM
#41280   Well look at the bright (FMCC) side if along4zride 04/11/17 01:39:02 AM
#41279   @JoshRosner: the Obama admin took billions of dollars CatBirdSeat 04/06/17 06:31:52 AM
#41278   2.10 may be as low as it goes, maybe. trunkmonk 04/05/17 12:47:46 PM
#41277   going lower, thinking 1.98, will wait for buy trunkmonk 04/04/17 06:13:39 PM
#41276   Prospect buying today? Up 4c with low volume trunkmonk 03/29/17 10:52:40 AM
#41275   Everyone, every day tweet, email, text, Snail mail Rk3 03/27/17 02:10:16 AM
#41274   President Donald Trump, now is the time to trunkmonk 03/25/17 08:29:25 AM
#41273   No more good news, can't afford the drops trunkmonk 03/22/17 12:35:19 PM
#41272   Lol! tonruf 03/18/17 03:21:48 AM
#41271   111k buy at $2.78 tuzedaze 03/17/17 08:16:29 PM
#41270   This is the only logical answer. betahighlander 03/16/17 05:04:46 PM
#41269   100% RickNagra 03/16/17 03:32:40 PM
#41268   A big block 160,000 of sell order @$2.64 there! tonruf 03/15/17 01:48:50 PM
#41267   What do you think our odds are cap? chrisduo 03/15/17 12:13:18 AM
#41266   Stop The NWS CatBirdSeat 03/14/17 04:44:14 PM
#41265   100,000 buy order here. Something big is coming Stockman1010101 03/14/17 09:46:00 AM
#41264   Looking good so far. Price has remarkably RickNagra 03/13/17 11:05:30 AM
#41263   I completed - Thank you Travel5 03/08/17 05:39:22 AM