2007 Annual Report

Complete 2007 Annual Report
[PDF 1.3M ]
Segment 1
Segment 2
Segment 3
Segment 4
Consolidated Financial Statements [XLS 13.5K]

Related Links

Freddie Mac Issues Proxy Statement and Notice of Annual Meeting of Stockholders
Freddie Mac Releases Fourth Quarter 2007 Financial Results
Freddie Mac Sets Annual Stockholders' Meeting Date and Announces Deadlines for Submitting Stockholder Proposals and Director Nominations

The complete report has been divided into four segments for easier online viewing and printing.

To our Stockholders:

In 2007, our sector suffered the most severe housing correction since the Great Depression. In my 35 years as an economist, central banker, regulator and businessman, I have never witnessed a situation quite like this one – in which a housing bubble has played such a central role in bringing the world's largest economy to the brink of recession.

Freddie Mac's financial results last year were acutely affected by the extraordinary downturn in housing; later in this letter I will discuss them with you fully. But before detailing our performance, it's worth taking a closer look at how and why the housing finance environment became so challenging. If you'll bear with me, I'd like to describe what we've observed, what we’ve been doing about it, and what we think it means. Read more from Richard Syron [PDF 547K].

Segment 1 of the Report [PDF 162K] contains the following information:

BUSINESS 
REGULATION AND SUPERVISION 
RISK FACTORS 
PROPERTIES 
LEGAL PROCEEDINGS 
MARKET FOR THE COMPANY'S COMMON EQUITY, 
   RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES 
   OF EQUITY SECURITIES 
FORWARD-LOOKING STATEMENTS 
SELECTED FINANCIAL DATA AND OTHER OPERATING MEASURES

Segment 2 of the Report [PDF 346K] contains the following information:

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 
   EXECUTIVE SUMMARY 
   CONSOLIDATED RESULTS OF OPERATIONS 
   CONSOLIDATED BALANCE SHEETS ANALYSIS 
   CONSOLIDATED FAIR VALUE BALANCE SHEETS ANALYSIS 
   LIQUIDITY AND CAPITAL RESOURCES 
   PORTFOLIO BALANCES AND ACTIVITIES 
   OFF-BALANCE SHEET ARRANGEMENTS 
   CONTRACTUAL OBLIGATIONS 
   CRITICAL ACCOUNTING POLICIES AND ESTIMATES 
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 
CREDIT RISKS
OPERATIONAL RISKS

Segment 3 of the Report [PDF 293K] contains the following information:

RISK MANAGEMENT AND DISCLOSURE COMMITMENTS 
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 
QUARTERLY SELECTED FINANCIAL DATA

Segment 4 of the Report [PDF 505K] contains the following information:

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND 
   FINANCIAL DISCLOSURE 
CONTROLS AND PROCEDURES 
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 
EXECUTIVE COMPENSATION 
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND 
   RELATED STOCKHOLDER MATTERS 
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 
PRINCIPAL ACCOUNTANT FEES AND SERVICES 
RATIO OF EARNINGS TO FIXED CHARGES 
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS 
ADDITIONAL INFORMATION 
CERTIFICATIONS