Who owns Freddie Mac?
Asked a year ago
Freddie Mac is not owned by any individual or private entity. It is a government-sponsored enterprise (GSE) that was established by the United States Congress in 1970. As a GSE, Freddie Mac operates under a congressional charter and is supervised by the Federal Housing Finance Agency (FHFA). While it is not owned by any particular entity, Freddie Mac is publicly traded on the stock exchange, and its shares are held by a wide range of investors, including individual shareholders, institutional investors, and mutual funds. The primary purpose of Freddie Mac is to provide liquidity and stability to the mortgage market by purchasing mortgages from lenders and packaging them into mortgage-backed securities. The company plays a crucial role in supporting affordable housing and expanding homeownership opportunities in the United States.
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