Freddie Mac
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Job summary
Company overview
Freddie Mac, or the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise (GSE) that plays a crucial role in the U.S. housing finance system. It buys mortgages from lenders, pools them, and sells them as mortgage-backed securities to investors, thus providing liquidity, stability, and affordability to the housing market. Established in 1970, Freddie Mac's mission is to support homeownership and rental housing for middle-income Americans. Key historical moments include its role in the 2008 financial crisis and subsequent conservatorship under the Federal Housing Finance Agency (FHFA).