freddiemac.com
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The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE). It buys mortgages, pools them, and sells them as mortgage-backed securities to private investors. This increases the supply of money available for mortgage lending. Target customers include homeowners and renters. Competitive advantages include a large market share and government support. Founded in 1970 in McLean, Virginia. Freddie Mac is a leading provider in the financial services industry.
Employees: 7,799
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