Freddie Mac (FRE)
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David M. Moffett, CEO
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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Brother, Can You Spare $14B?Nov 14 2008
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Building a Lehman CaseOct 17 2008
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Analyze DissOct 13 2008
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Welcome to the ImpasseSep 17 2008
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Larry SummersSep 11 2008
Overview
A stockholder-owned corporation chartered by Congress to create a flow of funds to mortgage lenders. It provides a vital link
Portfolio Articles
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Brother, Can You Spare $14B?
Freddie's big loss isn't the end of the red ink.Nov 14 2008 -
Building a Lehman Case
Executives are subpoenaed in investigations.Oct 17 2008 -
Analyze Diss
This year's top-ranked stock pickers were the ones who picked on their sectors.Oct 13 2008 -
Welcome to the Impasse
A failure to regulate led us to these problems, but the calendar now leaves Washington powerless to fix them.
Sep 17 2008 -
Larry Summers
The former Treasury secretary and Harvard president opines on Obamanomics, Frannie, Alan Greenspan, and academic politics.Sep 11 2008
News Feeds
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Freddie Mac gets delisting notice from NYSE
AP
Nov 21 2008
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Fannie Mae, Freddie Mac suspend some foreclosures
Reuters
Nov 20 2008
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Fannie Mae, Freddie Mac halting foreclosures
AP
Nov 20 2008
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Fannie, Freddie enact mortgage moratorium
Sacramento
Nov 20 2008
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Mortgage rates drop for third week
AP
Nov 20 2008
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Ahead of the Bell: Leading indicators for October
AP
Nov 20 2008
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More negative signs for US housing market
AP
Nov 18 2008
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Fannie, Freddie, home loan banks control $6.8T
AP
Nov 17 2008
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Ahead of the Bell: FBR gauges Freddie Mac losses
AP
Nov 17 2008
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Freddie Mac could lose $20-$40 billion in 2009: Friedman
Reuters
Nov 17 2008
Portfolio Blogs
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Bush's Peculiar Wall Street Speech
Nov 13 2008
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Treasury Enters its Lame Duck Phase
Nov 12 2008
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Hexed
Oct 16 2008
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Corporate Lobbying and the Supbrime Crisis
Oct 14 2008
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Extra Credit, Sunday Edition
Oct 13 2008
Press Releases
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Freddie Mac Receives NYSE Notification on Continued Listing Nov-21-2008, 08:31AM EST
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Freddie Mac Releases Third Quarter 2008 Financial Results Nov-14-2008, 07:44AM EST
News From Around the Web
News
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Fannie, Freddie enact mortgage moratorium
(Entrepreneur)Nov 21 2008 -
Fannie, Freddie Halt Foreclosures Through Holidays
(CBS 13 Baltimore (WJZ))Nov 21 2008 -
Fannie, Freddie suspending foreclosures during holidays
(San Jose Mercury News)Nov 21 2008 -
Freddie Mac gets NYSE notice
(Atlanta Business Chronicle)Nov 21 2008 -
Mortgage Rates Continue to Fall
(Washington Post)Nov 21 2008 -
Nov 21 2008
-
Fannie and Freddie suspend foreclosures
(WallSt.net)Nov 21 2008 -
US-BUSINESS Summary
(Washington Post)Nov 21 2008 -
Fannie Mae, Freddie Mac halting foreclosures
(San Jose Mercury News)Nov 20 2008
Blogs
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Nov 21 2008
-
Annaly Capital (NLY): 'In the sweet spot for historic yields'
(Blogging Stocks)Nov 21 2008 -
Freddie Mac warned of possible delisting by NYSE
(Blogging Stocks)Nov 21 2008 -
Fight!, by Arnold Kling
(EconLog)Nov 21 2008 -
Parting Thoughts on the Financial Crisis
(Conglomerate)Nov 21 2008
Employees
Number of Employees: 5,281
Revenue per Employee: $7,932,963
Top Executives
Donald J. Bisenius, Senior VP, Divisional
Paul E. Mullings, Senior VP, Divisional
Ralph F. Boyd, Jr., Divisional Executive VP
Jerry Weiss, Senior VP/Other Executive Officer
James R. Egan, Chief Accounting Officer/Controller/Senior VP
Hollis S. McLoughlin, Senior VP, Divisional
Robert E. Bostrom, Executive VP/General Counsel/Secretary
Robert Y. Tsien, Divisional Senior VP
Kirk Die, Other Corporate Officer/Senior VP
Raymond G. Romano, Chief Credit Officer/Senior VP, Divisional
David B. Kellermann, Chief Accounting Officer/Controller/Senior VP/CFO
Denny R. Fox, Chief Accounting Officer
Gary D. Kain, Senior VP, Divisional
Patricia L. Cook, Executive VP/Other Executive Officer
Paul G. George, Executive VP, Divisional
Michael C. May, Divisional Senior VP
Anurag Saksena, Senior VP/Other Executive Officer
Michael Perlman, Executive VP, Divisional
Board of Directors
Barbara T. Alexander, Director
John A. Koskinen, Chairman of the Board/Director
Robert E. Bostrom, Executive VP/General Counsel/Secretary
Financials
Quarterly
Annual
| Income Statement | 08/2008 | 01/2008 | 07/2007 | 04/2007 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 6.91 Bil. | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. |
| Operating Income before D & A (EBITDA) | 6.91 Bil. | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. |
| Total Income Before Interest Expenses (EBIT) | 6.91 Bil. | 10.91 Bil. | 9.17 Bil. | 10.84 Bil. |
| Total Net Income | -1.62 Bil. | 764 Mil. | -211 Mil. | 2.01 Bil. |
| Basic EPS, Total | -2.67 | 1.02 | -0.46 | 2.8 |
| Diluted EPS, Total | -2.67 | 1.02 | -0.46 | 2.8 |
| BALANCE STATEMENT | 08/2008 | 01/2008 | 07/2007 | 04/2007 |
|---|---|---|---|---|
| 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 | 08/2008 | 01/2008 | 07/2007 | 04/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | 9.55 Bil. | NA | NA | 0 |
| Net Cash From Financing Activities | -4.98 Bil. | NA | NA | 0 |
| Net Change in Cash & Cash Equivalents | -2.78 Bil. | NA | NA | 0 |
| Income Statement | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 33.83 Bil. | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. |
| Operating Income before D & A (EBITDA) | 33.83 Bil. | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. |
| Total Income Before Interest Expenses (EBIT) | 33.83 Bil. | 41.01 Bil. | 33.61 Bil. | 30.42 Bil. |
| Total Net Income | -3.09 Bil. | 2.21 Bil. | 2.13 Bil. | 2.94 Bil. |
| Basic EPS, Total | -5.37 | 2.84 | 2.75 | 3.96 |
| Diluted EPS, Total | -5.37 | 2.84 | 2.75 | 3.94 |
| BALANCE STATEMENT | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| 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 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | 9.55 Bil. | -6.19 Bil. | -51.09 Bil. | -25.9 Bil. |
| Net Cash From Financing Activities | -4.98 Bil. | -2.14 Bil. | 20.17 Bil. | -13.84 Bil. |
| Net Change in Cash & Cash Equivalents | -2.78 Bil. | 891 Mil. | -24.78 Bil. | 12.11 Bil. |
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