Freddie Mac Marketcap, Revenue, Net Worth, Competitors 2026

Darius

13 years ago

Key Stats

$10.7B

Net Income (2025)

$3.7T

Total Mortgage Portfolio

8,090

Employees

$70.4B

Net Worth (2025)

1.7M

Families Served (2025)

Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, operates as a government-sponsored enterprise in the U.S. secondary mortgage market. The company purchases mortgage loans from lenders, packages them into mortgage-backed securities, and sells these securities to investors worldwide.

Headquartered in McLean, Virginia, Freddie Mac functions under conservatorship of the Federal Housing Finance Agency since September 2008. The company works with community banks, regional banks, and credit unions to maintain liquidity in the housing market.

Freddie Mac operates through three segments: Single-Family Guarantee, Investments, and Multifamily. The Single-Family segment purchases and securitizes residential mortgage loans. The Investments segment manages mortgage-related investment portfolios. The Multifamily segment finances rental housing through loan purchases and securitization.

Freddie Mac History

1970

Congress established the Federal Home Loan Mortgage Corporation through the Emergency Home Finance Act. The company was created to provide competition for Fannie Mae and expand the secondary mortgage market.

1971

Freddie Mac introduced its first conventional mortgage security, the Mortgage Participation Certificate (PC). This allowed lenders to sell mortgages and reduce risk while bringing in capital for new loans.

1984

The company distributed 15 million shares of participating, preferred nonvoting stock to individual member savings institutions. Freddie Mac topped the $100 billion mark for home financing.

1989

The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) restructured Freddie Mac. The company was listed on the New York Stock Exchange and severed ties with the Federal Home Loan Bank System.

1993

Cumulative mortgage finances surpassed the $1 trillion mark. The company began its multifamily loan funding program.

1995

Freddie Mac launched Loan Prospector, its automated underwriting service. The company also began receiving affordable housing credit for buying subprime securities.

1997

The company officially adopted “Freddie Mac” as its official name, moving away from the formal Federal Home Loan Mortgage Corporation designation.

2003

Freddie Mac disclosed it had used improper accounting practices, leading to a restatement of earnings by almost $5 billion. This became one of the largest corporate restatements in U.S. history.

2008

On September 7, the Federal Housing Finance Agency placed Freddie Mac under conservatorship alongside Fannie Mae during the subprime mortgage crisis. The U.S. Treasury committed up to $100 billion in support.

2019

Freddie Mac began retaining earnings under a modified agreement with the Treasury Department, allowing the company to build capital reserves.

2025

The company reported its third consecutive year of net income above $10 billion, with net worth reaching $70.4 billion. Kenny M. Smith was appointed as CEO in December.

Freddie Mac Competitors

Freddie Mac operates in the secondary mortgage market alongside other government-sponsored enterprises and private lenders. While Freddie Mac focuses on purchasing loans from smaller banks and credit unions, its competitors serve different segments of the mortgage lending ecosystem.

Competitor	Type	Focus Area
Fannie Mae	GSE	Large commercial banks
Ginnie Mae	Government Agency	FHA, VA, USDA loans
Rocket Mortgage	Private Lender	Retail mortgage lending
United Wholesale Mortgage	Private Lender	Wholesale mortgage lending
Wells Fargo Home Mortgage	Bank	Retail and servicing
JPMorgan Chase	Bank	Consumer mortgage lending
Bank of America	Bank	Consumer mortgage lending
PennyMac	Private Lender	Loan servicing and origination
Mr. Cooper	Private Lender	Loan servicing
U.S. Bank	Bank	Mortgage banking

Freddie Mac Co-founders

Freddie Mac was not founded by individual entrepreneurs but rather established by an act of Congress. The key figures involved in its creation and early governance came from the federal government and the Federal Home Loan Bank System.

U.S. Congress

Chartered Freddie Mac through the Emergency Home Finance Act of 1970, signed by President Richard Nixon, to expand the secondary mortgage market and provide competition for Fannie Mae.

Federal Home Loan Bank Board

Served as the original governing body and owner of Freddie Mac from 1970 until the 1989 FIRREA restructuring that established an independent board of directors.

Thomas R. Bomar

First President and CEO of Freddie Mac, serving from September 1970 to June 1973. He established the company’s initial operations and market presence.

Freddie Mac Marketcap

Freddie Mac trades on the OTC Markets under the ticker symbol FMCC. As of early 2026, the company’s market capitalization stands at approximately $4.7 billion to $6.8 billion, depending on daily trading. The stock has fluctuated between $4.05 and $14.99 over the past twelve months.

Freddie Mac Market Capitalization (2016-2025)

Freddie Mac Revenue

Freddie Mac generates revenue primarily through net interest income from its mortgage portfolio and guarantee fees on mortgage-backed securities. For 2025, the company reported net revenues of $23.3 billion, continuing three consecutive years of revenue above $21 billion.

Freddie Mac Net Revenue (2016-2025, in Billions USD)

Freddie Mac Acquisitions

Unlike traditional corporations, Freddie Mac does not engage in acquisitions of other companies in the conventional sense. As a government-sponsored enterprise focused on the secondary mortgage market, its primary business activity involves purchasing mortgage loans from lenders rather than acquiring businesses.

The company’s main acquisition activity involves buying mortgage loans from approved seller/servicers. In 2024, Freddie Mac purchased loans for cash and issued mortgage-backed securities totaling more than $411 billion, up 18% from 2023. These purchases help nearly 1.6 million families buy, refinance, or rent homes annually.

Freddie Mac also acquires investment-grade securities and mortgage-related assets for its investment portfolio. The company invests in Low-Income Housing Tax Credit (LIHTC) equity to support affordable rental housing development. In 2025, Multifamily invested $1.2 billion in LIHTC equity.

The company has expanded its programs through internal development rather than corporate acquisitions. Programs like Home Possible, CHOICEHome, and Loan Product Advisor were built internally to serve specific market segments including first-time homebuyers and manufactured housing.

FAQs

What does Freddie Mac do?

Freddie Mac buys mortgage loans from lenders, packages them into mortgage-backed securities, and sells them to investors. This provides lenders with capital to make new loans.

Is Freddie Mac a government agency?

No. Freddie Mac is a government-sponsored enterprise (GSE), meaning it was chartered by Congress but operates as a stockholder-owned corporation under FHFA conservatorship since 2008.

What is the difference between Freddie Mac and Fannie Mae?

Freddie Mac primarily buys loans from smaller banks and credit unions, while Fannie Mae focuses on larger commercial banks. Both perform similar functions in the secondary mortgage market.

When was Freddie Mac founded?

Congress established Freddie Mac on July 24, 1970, through the Emergency Home Finance Act to expand the secondary mortgage market and provide competition for Fannie Mae.

Where is Freddie Mac headquartered?

Freddie Mac is headquartered in McLean, Virginia. The company has approximately 8,090 employees and operates throughout the United States.