Federal Home Loan Mortgage 

Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a key participant in the United States' secondary market for residential mortgages. Its primary function involves acquiring residential mortgage loans – encompassing both individual homeowner and multi-unit property financing – that originate from various lending institutions. Additionally, it allocates capital to direct mortgage debt and mortgage-backed investments. The organization structures its operations into two main divisions: Single-family and Multifamily. The Single-Family division is responsible for purchasing, transforming into securities, and insuring loans extended for individual homes. It also oversees the associated credit risks, manages investment portfolios tied to mortgages, handles securitization processes for single-family residences, and conducts treasury functions. This segment's clients include a broad spectrum of financial entities, such as mortgage banks, large commercial and regional banks, local community banks, credit unions, governmental housing finance agencies, thrifts, and other non-bank financial firms. Conversely, the Multifamily division focuses on the acquisition, disposition, securitization, and backing of loans and financial instruments related to multi-unit residential properties. This is often achieved through the creation and guarantee of specialized instruments like multifamily K and SB certificates, as well as other securitized offerings and tools designed to transfer credit risk. It also extends various other guarantees linked to mortgages. This segment's services are utilized by a wide array of institutions, including banks and other deposit-taking entities, insurers, investment managers, national central banks, retirement funds, state and municipal authorities, real estate investment trusts (REITs), brokerage firms, and numerous types of lenders. Established in 1970, the corporation maintains its principal office in McLean, Virginia.