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Mortgage rates close to record lows

WASHINGTON, Dec. 27 (UPI) -- Mortgage rates on long-term loans in the United States held near record lows as the year draws to a close, the Federal Home Loan Mortgage Corp. said Thursday.
Mortgage rates mixed in week

Mortgage rates mixed in week

WASHINGTON, Dec. 20 (UPI) -- Fixed mortgage rates on long-term loans in the United States were mixed in the week, the Federal Home Loan Mortgage Corp. said Thursday.
Freddie Mac board chooses new CEO

Freddie Mac board chooses new CEO

WASHINGTON, July 2 (UPI) -- The board of U.S. mortgage giant Freddie Mac has called on Charles Haldeman Jr. to serve as its chief executive officer, a source close to the company said.

Mortgage interest rates drop slightly

WASHINGTON, April 23 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell this week, the Federal Home Loan Mortgage Corp. said Thursday.
Freddie Mac's Kellermann found dead

Freddie Mac's Kellermann found dead

WASHINGTON, April 22 (UPI) -- David Kellermann, acting chief financial officer at the Federal Home Loan Mortgage Corp., was found dead Wednesday morning in his Virginia home, police said.

Long-term mortgage rates at record low

WASHINGTON, April 2 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell to a record low in the week ending April 2, the Federal Home Loan Mortgage Corp. said Thursday.

Freddie Mac reports $50 billion loss

WASHINGTON, March 12 (UPI) -- U.S. mortgage giant Federal Home Loan Mortgage Corp. has asked the federal government for an additional $30.8 billion to offset losses.

Freddie Mac CEO steps down

WASHINGTON, March 2 (UPI) -- David Moffett, chief executive officer at the Federal Home Loan Mortgage Corp., has said he will step down after six months on the job.

Freddie Mac turns to rental options

WASHINGTON, Jan. 30 (UPI) -- The Federal Home Loan Mortgage Corp. said Friday it would offer month-to-month leases to qualified U.S. homeowners facing eviction due to a foreclosure.

Freddie Mac to tap $35B in bailout funds

WASHINGTON, Jan. 24 (UPI) -- U.S. mortgage giant Freddie Mac will ask for up to $35 billion in additional federal bailout dollars, company officials have revealed.
Freddie Mac seeks $14 billion bailout

Freddie Mac seeks $14 billion bailout

WASHINGTON, Nov. 14 (UPI) -- The Federal Home Loan Mortgage Co. said it had requested $14 billion in federal aid after posting third-quarter losses of $25.3 billion.
Obama staff chief was Freddie Mac director

Obama staff chief was Freddie Mac director

WASHINGTON, Nov. 7 (UPI) -- President-elect Barack Obama's new chief of staff was a Freddie Mac director while scandal brewed at the mortgage agency, government reports say.

Report: Freddie Mac was shedding mortgages

WASHINGTON, Sept. 27 (UPI) -- Mortgage giant Freddie Mac was quickly shedding mortgages in an effort to raise cash when it was seized by the U.S. government, new figures show.

Freddie Mac drops two lobbyists

WASHINGTON, Sept. 26 (UPI) -- The Federal Home Loan Mortgage Corp. said Friday it is laying off two lobbyists following the U.S. government takeover of the lender this month.

Takeover of Fannie Mae, Freddie Mac likely

WASHINGTON, Sept. 5 (UPI) -- U.S. officials told Fannie Mae and Freddie Mac Friday the institutions will be placed in conservatorship, The New York Times reported.
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Photos
Freddie Mac
David Kellermann, acting chief financial officer at Freddie Mac, was found dead of an apparent suicide on April 22, 2009 in Vienna, Virginia, in suburban Washington, DC. Kellermann, 41, was named to the position in September, 2008, when the federal government took control of the financially-troubled company and ousted its top executives. In recent weeks, Kellermann apparently received a controversial $800,000 bonus. (UPI Photo/HO)
Wiki

The Federal Home Loan Mortgage Corporation (FHLMC) (NYSE: FRE), known as Freddie Mac, is a government sponsored enterprise (GSE) of the United States federal government. Freddie Mac has its headquarters in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.

The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market increases the supply of money available for mortgages lending and increases the money available for new home purchases. The name, "Freddie Mac", was a acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).

On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Freddie Mac."
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