Corporate Facts
Freddie Mac is a shareholder-owned corporation whose people are dedicated to
improving the quality of life by making the American dream of decent, accessible
housing a reality. We accomplish this
mission by linking Main Street to Wall Street-purchasing, securitizing and
investing in home mortgages, and ultimately providing homeowners and renters
with lower housing costs and better access to home financing. Since our inception, Freddie Mac has achieved more than 36 consecutive years of profitability, helped more than 50 million American families achieve homeownership and financed one out of every six homes in America.
Freddie Mac employs nearly 5,000 people.
Richard F. Syron is Chairman and Chief
Executive Officer.
Robert E. Bostrom is Executive Vice President and General Counsel.
Ralph F. Boyd, Jr. is Executive Vice President,
Community Relations and Chairman of the Freddie Mac Foundation.
Patricia L. Cook is Executive Vice President and Chief Business Officer.
Paul G. George is Executive Vice President, Human Resources.
Anthony (Buddy) Piszel is Executive Vice President and Chief Financial Officer
Mike Perlman is Executive
Vice President, Operations and Technology.
Freddie Mac operates in a single, safe business: residential mortgages backed
by the equity of millions of American homes across the nation. Freddie Mac is
subject to rigorous governmental oversight and substantial capital requirements,
and our financial disclosures surpass those of other large institutions. These
practices ensure that our business is financially transparent and accountable
to our shareholders, regulators and the American public.
Corporate and Industry Statistics
| 50
million |
is the number of families for whom
Freddie Mac has financed homeownership since 1970. |
| $18,000 |
in interest on a $150,000 mortgage
is saved by the homebuyer whose mortgage can be purchased by Freddie
Mac |
| Every 7 to 10 seconds |
Freddie Mac made it possible for another family to own a home in 2004 |
| 15
to 20 seconds |
is the typical time it takes Freddie
Mac’s Loan Prospector® automated underwriting service to
assess a loan for purchase by Freddie Mac |
| More
than 15,000 |
lenders and mortgage brokerage firms
use Loan Prospector to qualify borrowers at the point-of-sale every
day |
| $650
|
per loan is the average amount saved
in closing costs by the homebuyer whose mortgage is assessed through
Loan Prospector |
| More
than 40 million |
loans have been assessed by Loan Prospector
|
| More
than 1/2 |
of all Freddie Mac mortgage purchases
support housing for low- to moderate-income families |
| More
than 95% |
of all the apartment units financed
by Freddie Mac are for low- to moderate-income families |
| More
than 30% |
of Freddie Mac’s debt is distributed
abroad, ensuring global support for America’s homeownership
needs |
| $1.5
trillion |
is the amount of Freddie Mac’s
current loan portfolio, which is supplying funds to help more families
own homes |
| Only
2 |
countries offer the long-term fixed
rate, prepayable mortgages to help make homeownership a reality for
more families – the U.S. and Denmark |
| 1/2
|
of all homeowners hold at least 50%
of their net wealth in home equity |
| Nearly
$150 |
is the boost in spending resulting
from every $1,000 gain realized by a home sale |
| $7.5
billion |
is the amount of interest homeowners
saved by refinancing in 2004 |
| More
than $500 billion |
is the amount of home equity cashed out by millions of homeowners who have refinanced since 2002 |
| 66
central banks |
of other nations invest in the U.S.
housing market by investing in Freddie Mac securities |
| Nearly
20% |
is the percentage that housing and
related industries contribute to the U.S. economy |
|
 |
|
