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Freddie Mac (FRE)

On Feb 9: 1.20 USD  Up 0.04 (3.45%)  
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Freddie Mac
8200 Jones Branch Drive
McLean, VA 22102-3110
Phone: 703-903-2000
Fax: 703-903-2759
Web Site: http://www.freddiemac.com

DETAILS
Index Membership: S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Mortgage Investment
Employees (last reported count): 5,400

BUSINESS SUMMARY
Freddie Mac engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations. The company also buys mortgage whole loans and mortgage-related securities, and issues guaranteed mortgage-related securities in the secondary market. In addition, it purchases non-securitized mortgage loans and mortgage-related securities for its investments portfolio. Further, Freddie Mac guarantees the payment of principal and interest on mortgage-related securities, including single-class and multi-class structured securities, mortgage participation certificates issued by the company, and securities related to tax-exempt multifamily housing revenue bonds. The company was founded in 1970 and is headquartered in McLean, Virginia.
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    OFFICERS
      Pay Exercised
    Mr. Richard F. Syron , 64
    Chairman and Chief Exec. Officer
    $ 3.60M $ 0
    Mr. Ralph F. Boyd Jr., 51
    Exec. VP-Community Relations, Chairman OF Freddie Mac Foundation and Chief Exec. Officer of Freddie Mac Foundation
    $ 875.00K $ 0
    Ms. Patricia L. Cook ,
    Chief Bus. Officer and Exec. VP
    $ 3.25M $ 0
    Mr. Paul T. Peterson , 58
    Sr. Advisor
    $ 2.16M $ 0
    Mr. Anthony S. Piszel CPA, 53
    Chief Financial Officer and Exec. VP
    N/A N/A
    Dollar amounts are as of 31-Dec-04 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.


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