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The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [ 3 ] [ 4 ] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.
The Housing and Economic Recovery Act of 2008—passed by the United States Congress on July 24, 2008, with bipartisan support and signed into law by President George W. Bush on July 30, 2008—enabled expanded regulatory authority over Fannie Mae and Freddie Mac by the newly established FHFA, and gave the U.S. Treasury the authority to advance ...
Fannie Mae and Freddie Mac are regulated by two government agencies: the FHFA and the U.S. Department of Housing and Urban Development (HUD). Along with HUD and FHFA oversight, the President of ...
Freddie Mac's latest Primary Mortgage Market Survey, released last Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.84% from last week's reading of 6.78% ...
Freddie Mac and Fannie Mae both play a central role in the US housing market by purchasing mortgages from lenders and repackaging them as securities. Both fell under government control during the ...
Charles Edgar Haldeman, Jr. (born October 29, 1948) was the chief executive officer of the Federal Home Loan Mortgage Corporation, known as Freddie Mac, a publicly traded company that is the second largest source of mortgage financing in the United States. On October 26, 2011, it was announced that Haldeman would retire, but he agreed to stay ...
Fannie Mae and Freddie Mac are government-sponsored enterprises that buy and sell home loans on the secondary mortgage markets. The two help make affordable financing available to home buyers by ...
David Kellermann was named acting chief financial officer of Freddie Mac in September 2008. Kellermann was a member of the company's leadership team and reported directly to CEO David M. Moffett . As acting chief financial officer, Kellermann was responsible for the company's financial controls, financial reporting, tax, capital oversight, and ...