Federal Home Loan Mortgage Corporation

Industry: Mortgage
Company Nickname: Freddie Mac
Public or Private: Public
Exchange: OTCQB
Symbol: FMCC

Description:

Federal Home Loan Mortgage Corporation, also known as Freddie Mac, is a government-sponsored enterprise that was created to expand the secondary market for mortgages in the US. It buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities. It ranks 38th on the 2018 Fortune 500 list of largest US corporations by total revenue.