Federal Home Loan Mortgage Corporation (Freddie Mac), established in 1970 and headquartered in McLean, Virginia, serves the primary purpose of stabilizing the U.S. housing market by providing liquidity, stability, and affordability in the mortgage market. The company primarily engages in purchasing mortgages on the secondary market, facilitating the availability of mortgage funds for lenders to support housing initiatives.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Freddie Mac has a long history of bond issuance, with its first publicly offered bonds in 1987. Known for establishing a robust mechanism for funding, the corporation has consistently set benchmarks in the mortgage-backed securities market, with notable issuances including the 2008 mortgage crisis response that involved considerable amounts in mortgage-backed bonds to stabilize the housing sector. Currently, yields on Freddie Mac's bonds tend to closely align with industry benchmarks, reflecting its credit risk and the overall economic environment, while special features often include callable options to enhance investor appeal in fluctuating interest rate conditions.