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31 Jul, 2024
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Federal Home Loan Mortgage Corp., commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) that plays a key role in the U.S. housing finance system. The company primarily focuses on purchasing residential mortgages from lenders, pooling them, and selling them as mortgage-backed securities (MBS) to investors. This process helps provide liquidity, stability, and affordability to the housing market by enabling mortgage lenders to extend more loans to homebuyers. Freddie Mac's operations are crucial in supporting the secondary mortgage market and ensuring a steady flow of capital for home financing. The company is headquartered in McLean, Virginia, USA, and its shares are listed on the OTCQB.