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Federal Home Loan Mortgage 5.79% Pref Shs
Previous close
$5.80
Day range
$5.80 - $5.80
Year range
$2.90 - $7.78
Market cap
741.07M USD
Avg Volume
785.00
P/E ratio
-
Dividend yield
-
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 5.59B | -4.80% |
Operating expense | 2.13B | -3.18% |
Net income | 2.76B | -6.08% |
Net profit margin | 49.43 | -1.34% |
Earnings per share | 0.00 | — |
EBITDA | — | — |
Effective tax rate | 20.09% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 131.14B | -6.59% |
Total assets | 3.31T | 1.73% |
Total liabilities | 3.25T | 1.40% |
Total equity | 53.22B | — |
Shares outstanding | 650.06M | — |
Price to book | -0.11 | — |
Return on assets | 0.34% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 2.76B | -6.08% |
Cash from operations | 927.00M | -40.99% |
Cash from investing | 13.40B | 357.53% |
Cash from financing | -12.33B | -153.69% |
Net change in cash | 2.00B | 657.38% |
Free cash flow | — | — |
About
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise, headquartered in Tysons, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National Mortgage Association, Freddie Mac buys mortgages, pools them, and sells them as a mortgage-backed security to private investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name "Freddie Mac" is a variant of the FHLMC initialism of the company's full name that was adopted officially for ease of identification.
On September 7, 2008, Federal Housing Finance Agency director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA. The action has been described as "one of the most sweeping government interventions in private financial markets in decades". Wikipedia
Founded
1970
Website
Employees
8,004