Freddie Mac (FRE)
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Richard F. Syron, CEO/Chairman of the Board/Director
8200 Jones Branch Drive
McLean, VA 22102-3110
US
Map it ![]()
Phone: (703) 903-2000
Fax: (703) 903-2239
Latest news from Portfolio
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Robert ShillerMay 02 2008
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Not a Bad JobMay 02 2008
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The Myth of the Walk AwaysApr 29 2008
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Hoping for a Fed EncoreMar 12 2008
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The Fed Turns Up the TapMar 11 2008
Overview
A stockholder-owned corporation chartered by Congress to create a flow of funds to mortgage lenders. Purchases certain residential mortgages that it finances by issuing mortgage pass through securities and debt instruments in the capital markets.
Portfolio Articles
-
Robert Shiller
The rock-star economist who called the bubble in stocks says the housing slump could be worse than that of the Depression.May 02 2008 -
Not a Bad Job
Decline in payrolls is less than forecasted.May 02 2008 -
The Myth of the Walk Aways
Abandoned homes are a questionable symbol of the housing crisis.Apr 29 2008 -
Hoping for a Fed Encore
World markets extend rally, but boost may be short-lived.Mar 12 2008 -
The Fed Turns Up the Tap
Central bank plans to lend $200 billion in auctions.Mar 11 2008
News Feeds
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Freddie Mac shares sink on capital concerns
AP
Jul 03 2008
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Rates on 30-year mortgages drop to 6.35 percent
AP
Jul 03 2008
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Ahead of the Bell: Mortgage Applications
AP
Jul 02 2008
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Freddie Mac shares fall as housing troubles worsen
AP
Jun 30 2008
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Business events scheduled for the coming month
AP
Jun 27 2008
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Spotlight: Credit and home values
AP
Jun 27 2008
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Mortgage brokers spent $480,000 lobbying in 1Q
AP
Jun 23 2008
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MGIC, PMI Group, Radian get Freddie Mac approval
AP
Jun 20 2008
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Mortgage insurers spent $1.2M lobbying in 1Q
AP
Jun 20 2008
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Triad Guaranty negotiations fail, to layoff 100
Greensboro
Jun 19 2008
Portfolio Blogs
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Fannie and Freddie: The End of the Punishment is Nigh
Mar 19 2008
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How to Privatize Fannie and Freddie
Mar 14 2008
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Subprime: The Class Action Suits
Dec 21 2007
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WSJ Looks a Little Foolish Now
Nov 20 2007
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Freddie Mac vs AHM
Sep 12 2007
Press Releases
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Freddie Mac, CitiMortgage Bring Get The Facts! Homeownership Campaign to 14 Norwalk Churches Jul-01-2008, 01:22PM EDT
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Freddie Mac Requires RMIC to Submit Remediation Plan After Ratings Downgrade Jul-01-2008, 09:56AM EDT
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Freddie Mac Will Not Issue a Reference REMIC(R) Security in July Jul-01-2008, 08:30AM EDT
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Freddie Mac Monthly Volume Summary: May 2008 Jun-25-2008, 08:30AM EDT
News From Around the Web
News
-
Freddie Mac reports 30-year mortgage rates fall to 6.35%
(Nashville Tennessean)Jul 06 2008 -
Real estate notebook
(HeraldNet)Jul 06 2008 -
Employers in area helping workers become homebuyers
(Richmond Times-Dispatch)Jul 06 2008 -
The Risks of Rescuing Borrowers
(Yahoo! Finance)Jul 05 2008 -
Home Mortgage Rates Drop in Latest Week
(Wall Street Journal)Jul 05 2008 -
Jul 04 2008
Employees
Number of Employees: 5,400
Revenue per Employee: $7,932,963
Top Executives
Nazir G. Dossani, Divisional Senior VP
Patricia McClung, Divisional Vice President
Jerry Weiss, Senior VP/Other Executive Officer
David A. Andrukonis, Senior VP/Other Executive Officer
Milton E. Moore, Divisional Senior VP
Hollis S. McLoughlin, Senior VP/Other Corporate Officer
Craig S. Nickerson, Divisional Vice President
Jerome T. Lienhard, Divisional Senior VP
Timothy J. McBride, Divisional Senior VP
Daryl Hall, Divisional Vice President
David Stevens, Divisional Senior VP
Edward L. Golding, Divisional Senior VP
John V. Britti, Divisional Vice President
Jeffrey M. Peek, Director
Joseph A. Smialowski, Divisional Executive VP
Martin F. Baumann, Divisional Executive VP/CFO
Michael C. May, Divisional Senior VP
Dwight P. Robinson, Divisional Senior VP
Louise M. Herrle, Divisional Vice President/Treasurer
Stanley J.D. Martin, Senior VP/Other Corporate Officer
Donald J. Bisenius, Divisional Senior VP
Ralph F. Boyd, Jr., Divisional Executive VP
Frank E. Nothaft, Other Executive Officer
Mitchell W. Kiffe, Divisional Vice President
Robert Y. Tsien, Divisional Senior VP
Margaret A. Colon, Chief Administrative Officer/Senior VP
Clarke D. Camper, Divisional Senior VP
William I. Ledman, Divisional Senior VP
Peter E. Mahoney, Divisional Vice President
Cindy Gertz, Divisional Senior VP
Michael W. Hager, Divisional Senior VP
Mark D. Hanson, Divisional Vice President
Patricia L. Cook, Divisional Executive VP
John F. Woods, Senior VP/Controller/Chief Accounting Officer
Catherine M. Dondzila, Divisional Senior VP
David R. Palombi, Divisional Vice President
Adrian B. Corbiere, Divisional Senior VP
Board of Directors
Eugene M. McQuade, President/COO/Director
William J. Turner, Director
Joan E. Donoghue, Senior VP/Secretary/General Counsel
Financials
Quarterly
Annual
| Income Statement | 01/2008 | 07/2007 | 04/2007 | 06/2006 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. | 8.2 Bil. |
| Operating Income before D & A (EBITDA) | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. | 8.2 Bil. |
| Total Income Before Interest Expenses (EBIT) | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. | 8.2 Bil. |
| Total Net Income | 764 Mil. | -211 Mil. | 2.01 Bil. | 875 Mil. |
| Basic EPS, Total | 1.02 | -0.46 | 2.8 | 1.19 |
| Diluted EPS, Total | 1.02 | -0.46 | 2.8 | 1.19 |
| BALANCE STATEMENT | 01/2008 | 07/2007 | 04/2007 | 06/2006 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | NA | NA | NA | NA |
| Cash Flow | 01/2008 | 07/2007 | 04/2007 | 06/2006 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | NA | NA | 0 | NA |
| Net Cash From Financing Activities | NA | NA | 0 | NA |
| Net Change in Cash & Cash Equivalents | NA | NA | 0 | NA |
| Income Statement | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. | 33.68 Bil. |
| Operating Income before D & A (EBITDA) | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. | 33.68 Bil. |
| Total Income Before Interest Expenses (EBIT) | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. | 33.68 Bil. |
| Total Net Income | 2.21 Bil. | 2.13 Bil. | 2.94 Bil. | 4.82 Bil. |
| Basic EPS, Total | 2.84 | 2.75 | 3.96 | 6.69 |
| Diluted EPS, Total | 2.84 | 2.75 | 3.94 | 6.68 |
| BALANCE STATEMENT | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | NA | NA | NA | NA |
| Cash Flow | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | -6.19 Bil. | -51.09 Bil. | -25.9 Bil. | -56.11 Bil. |
| Net Cash From Financing Activities | -2.14 Bil. | 20.17 Bil. | -13.84 Bil. | 63.98 Bil. |
| Net Change in Cash & Cash Equivalents | 891 Mil. | -24.78 Bil. | 12.11 Bil. | 12.35 Bil. |
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