Mortgage Daily

Published On: December 27, 2018
Government Takes Over Fannie, Freddie Sept. 8, 2008
The government has seized control of Fannie Mae and Freddie Mac. The move — which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies — is a blow to congressional Democrats who for years have prevented the Bush administration from stepping up regulation of the two government sponsored enterprises.

Company Name:


Freddie Mac

 


Parent:


Federal Home Loan Mortgage Corp.

 


Stock Symbol:

 


FMCC (Bulletin Board)


Headquarters Address:


8200 Jones Branch Drive
McLean, Virginia, 22102-3110


Date Established:


1970


Number of Employees:

 


6,185 as of Feb. 1, 2018

6,004 as of Feb. 2, 2017

5,053 as of 2013

4,961 as of 2012

4,859 as of 2011

5,231 as of 2010

5,323 as of 2009

4,927 as of 2008

5,281 as of 2007

 


Web site:


www.FreddieMac.com

Single-Family Seller/Servicer Guide Bulletins and Industry Letters
www.freddiemac.com/sell/guide/bulletins/

 


Executives

 


Chairman of the Board:

 

Christopher S. Lynch

Chief Executive Officer:

 

Donald H. Layton

 

President:

 

David Brinkman

 

EVP Single Family Business:

 

David B. Lowman

 

EVP and Chief Enterprise Risk Officer:

 

Anil Hinduja

 

EVP Senior Legal Advisor:

 

Ricardo Anzaldua

 

Chief Financial Officer:

 

James G. Mackey

 

Chief Operating Officer:

 

Bruce M. Witherell

 

SVP and Chief Compliance Officer:

 

John Krenitsky

 

Chief Information Officer:

 

Stacey Goodman

 

Chief Admintrative Officer:

 

Jerry Weiss

 

Chief Credit Officer:

 

Raymond G. Romano (Dec. 29, 2008)

 

Treasurer:

 

Devajyoti “Doc” Ghose

 

Head of Human Resources:

 

Jacqueline M. Welch
SVP Investments & Capital Markets:

 

Devajyoti “Doc” Ghose

 

SVP Singe-Family Servicing & Real Estate:

 

Tracy Mooney

 

EVP Head of Multifamily

 

Deborah Jenkins
Single-Family Sourcing & Securitization:

 

Paul Mullings

 

SVP & Chief Information Officer: Robert Lux

 

VP – National Head of Multifamily Underwriting and Credit :

 

Deborah Jenkins

 


Income/(Loss) Before Taxes:

 


$10.1 billion 2018 through Sept. 30

$14.3 billion 2017

$11.6 billion 2016

$9.3 billion 2015

$11.0 billion 2014

$25.4 billion 2013

$9.4 billion 2012

($22.4 billion) 2009

($44.6 billion) 2008

 


MBS Issuance Activity

 


Business Purchases or Issuances: $319.568 billion 2018 through Oct. 31

$428.786 billion 2017

$456.254 billion 2016

$402.010 billion 2015

$291.397 billion 2014

$452.941 billion 2013

$455.799 billion 2012

$361.047 billion 2011

$411.8 billion 2010

$548.4 billion 2009

$460.0 billion 2008

$577.7 billion 2007

$502.0 billion 2006

$581.9 billion 2005

$494.6 billion 2004

$826.4 billion 2003

 

MBS Fixed-Rate Issuances (eMBS):

 

$307.225 billion 2018

$335.825 billion 2017

$382.6 billion 2016

$333.363 billion 2015

$239.836 billion 2014

$408.573 billion 2013

$421.304 billion 2012

$273.4 billion 2011

$359.1 billion 2010

$459 billion 2009

$312.7 billion 2008

$352.2 billion 2007

$280.6 billion 2006

$316.9 billion 2005

 

Single Family Purchases and Issuances:

 

$231 billion / 992,000 loans 2018 through Sept. 30

$86 billion 2017 through March 31

$393 billion 2016

$351 billion 2015

$255 billion 2014

$423 billion 2013

$427 billion 2012

$321 billion 2011

$390 billion 2010

$483 billion 2009

Multifamily New Business Volume:

 

$75.9 billion / 550,900 units 2018 through Sept. 30

$12.7 billion 2017 through March 31

$56.8 billion 2016

$47.3 billion 2015

$28.3 billion 2014

$25.9 billion 2013

Multifamily Purchases and Guarantees:

 

$47.3 billion 2015

$28.3 billion 2014

$26 billion 2013

Multifamily Issuance:

 

$68 billion 2017

$51.2 billion 2016

$22.4 billion 2014

 

# of Residential and Multifamily Units Financed:

 

1,542,900 units 2018 through Sept. 30

2,311,000 2017

2,420,901 2016

2,237,000 2015

1,627,000 2014

388,000 2013

577,373 2012 through March 31

1,862,446 2011

2,122,295 2010

2,551,519 2009

Multifamily Whole Loan and Bond Guarantee Volume:

 

$25.9 billion 2013

$28.8 billion 2012

$20.3 billion 2011

$15 billion 2010

$17 billion 2009

$24 billion 2008

$22 billion 2007

 


Outstandings

 


Total Mortgage Portfolio:

 

$2.1597 trillion as of Oct. 31, 2018

$2.0976 trillion as of Dec. 31, 2017

$2.0114 trillion as of Dec. 31, 2016

$1.9416 trillion as of Dec. 31, 2015

$1.9101 trillion as of Dec. 31, 2014

$1.9147 trillion as of Dec. 31, 2013

$1.9563 trillion as of Dec. 31, 2012

$2.0754 trillion as of Dec. 31, 2011

$2.1649 trillion as of Dec. 31, 2010

$2.2505 trillion as of Dec. 31, 2009

$2.2075 trillion as of Dec. 31, 2008

$2.1027 trillion as of Dec. 31, 2007

$1.8264 trillion as of Dec. 31, 2006

$1.6842 trillion as of Dec. 31, 2005

$1.5057 trillion as of Dec. 31, 2004

$1.4144 trillion as of Dec. 31, 2003

$1.3110 trillion as of Dec. 31, 2002

$1.1382 trillion as of Dec. 31, 2001

 

Investment Portfolio:

 

$228.3 billion as of Oct. 31, 2018

$253.5 billion as of Dec. 31, 2017

$298.4 billion as of Dec. 31, 2016

$347.0 billion as of Dec. 31, 2015

$408.400 billion as of Dec. 31, 2014

$461.024 billion as of Dec. 31, 2013

$557.5 billion as of Dec. 31, 2012

$653.313 billion as of Dec. 31, 2011

Multifamily Portfolio:

 

$265.3 billion as of Sept. 30, 2018

$203 billion as of Dec. 31, 2017

$203.3 billion as of Sept. 30, 2016

$188 billion as of Dec. 31, 2015

$180 billion as of June 30, 2013

$180 billion as of Dec. 31, 2012

$177 billion as of Dec. 31, 2011

$169 billion as of Dec. 31, 2010

$164 billion as of Dec. 31, 2009

$154 billion as of Dec. 31, 2008

$135 billion as of Dec. 31, 2007

 


Residential Delinquency of at least 90 days as of Dec. 31:

 


0.71% as of Oct. 31, 2018

1.08% 2017

1.00% 2016

1.32% 2015

1.88% 2014

2.39% 2013

3.25% 2012

3.58% 2011

3.84% 2010

3.87% 2009

1.72% 2008

0.65% 2007

0.53% 2006

0.69% 2005

0.73% 2004

0.86% 2003

 

Multifamily Delinquency of at least 60 days as of Dec. 31:

0.01% as of Oct. 31, 2018

0.02% 2017

0.03% 2016

0.02% 2015

0.04% 2014

0.09% 2013

0.19% 2012

0.22% 2011

0.31% 2010

0.20% 2009

 


SEC Filings:

 


Latest Freddie Mac SEC filings

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