Freddie Mac, also known as the Federal Home Loan Mortgage Corporation, is a publicly traded company that is governed by a board of directors. It was created by Congress in 1970 to support the housing market by providing liquidity and stability to the mortgage market. While it operates as a for-profit company, the federal government initially established it and played a significant role in its ownership structure. Following the financial crisis of 2008, Freddie Mac was placed under conservatorship by the Federal Housing Finance Agency. This means that the government effectively controls its operations, but it remains a publicly traded entity, with shares that can be purchased by investors. For further details about its structure and current ownership, it is advisable to check the official Freddie Mac website.
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