Difference between revisions of "Freddie Mac"
Jump to navigation
Jump to search
Anne Landman (talk | contribs) (SW: format) |
(removed badges and added categories) |
||
| (4 intermediate revisions by 3 users not shown) | |||
| Line 1: | Line 1: | ||
| − | ''' Freddie Mac''' is "a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, we ultimately help homeowners and renters get lower housing costs and better access to home financing." Also see [http://www.freddiemac.com/corporate/whoweare/mission/index.html Mission]. | + | ''' Freddie Mac''', also known as the '''Federal Home Loan Mortgage Corporation (FHLMC)''', is "a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, we ultimately help homeowners and renters get lower housing costs and better access to home financing." Also see [http://www.freddiemac.com/corporate/whoweare/mission/index.html Mission]. |
*'''[http://www.freddiemac.com/corporate/about/governance/bod.html Board of Directors]''' | *'''[http://www.freddiemac.com/corporate/about/governance/bod.html Board of Directors]''' | ||
| Line 7: | Line 7: | ||
== Contact == | == Contact == | ||
| − | + | Freddie Mac<br> | |
HEADQUARTERS I<br> | HEADQUARTERS I<br> | ||
8200 Jones Branch Drive<br> | 8200 Jones Branch Drive<br> | ||
| Line 20: | Line 20: | ||
*[[securities and commodities violations]] | *[[securities and commodities violations]] | ||
*[[Securities and Exchange Commission]] | *[[Securities and Exchange Commission]] | ||
| + | *[[Richard F. Syron]] - former CEO | ||
===References=== | ===References=== | ||
| Line 32: | Line 33: | ||
*David D. Kirkpatrick and Charles Duhigg, "[http://www.nytimes.com/2008/09/22/us/politics/22mccain.html Loan Titans Paid McCain Adviser Nearly $2 Million]," ''New York Times'', September 21, 2008. | *David D. Kirkpatrick and Charles Duhigg, "[http://www.nytimes.com/2008/09/22/us/politics/22mccain.html Loan Titans Paid McCain Adviser Nearly $2 Million]," ''New York Times'', September 21, 2008. | ||
| − | [[Category: Real Economy Project]] | + | [[Category:Real Economy Project]] |
Latest revision as of 16:54, 26 July 2017
Freddie Mac, also known as the Federal Home Loan Mortgage Corporation (FHLMC), is "a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, we ultimately help homeowners and renters get lower housing costs and better access to home financing." Also see Mission.
- Federal Home Loan Mortgage Corporation Act, Sec. 301. [12 U.S.C. note to 1451.]
Contents
Contact
Freddie Mac
HEADQUARTERS I
8200 Jones Branch Drive
McLean, VA 22102-3110
(703) 903-2000
Articles and resources
Related SourceWatch articles
- Fannie Mae
- securities and commodities violations
- Securities and Exchange Commission
- Richard F. Syron - former CEO
References
External resources
- Sold Out - How Wall Street and Washington Betrayed America , Consumer Education Foundation, March, 2009.
External articles
- 21 November 2003: "Freddie Mac Inflated Earnings by About $1B" by Marcy Gordon, AP: "Mortgage giant Freddie Mac admitted Friday inflating 2001 earnings by nearly $1 billion, the first acknowledgment in its months-long accounting crisis that it overstated profits."
- 22 November 2003: "Freddie Mac Understated Its Earnings by $5 Billion" by Jonathan D. Glater, New York Times: "...over more than three years, ending an 11-month review of the company's accounting that led to resignations by prominent executives and concerns by regulators and lawmakers. ... The size of the restatement ... is at the high end of the range it announced in June."
- David D. Kirkpatrick and Charles Duhigg, "Loan Titans Paid McCain Adviser Nearly $2 Million," New York Times, September 21, 2008.
