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Freddie Mac The American Dream Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. By doing so, we ultimately provide homeowners and renters with lower housing costs and better access to home financing. Over the next 10 years, 50 million families will take on new mortgages. Freddie Mac will be there, working with our lender customers, as a reliable and affordable source of mortgage financing. Learn how we'll do that here. Since our inception in 1970, Freddie Mac has financed homes for nearly 30 million families - equal to one of every six homes in America. Who Is Freddie Mac? Freddie Mac is one of the best corporations to work for in the Washington, D.C. area and in the nation. Consider this: ComputerWorld recently ranked Freddie Mac among the ten best companies for diversity. Editors said that it's not just diversity of national origin or race that places a company among the best, but the willingness of the corporate culture to foster a diversity of ideas Freddie Mac ranks high among the nation’s best places to work, garnering 27th place among top U.S. corporations, according to a recent survey conducted by Money Magazine. The list, which appears in Money's December issue, reflects the magazine's eighth "Best Company Benefits" survey since 1991. The latest corporate survey from Fortune magazine finds Freddie Mac among the country’s best companies for minorities to work. Ranked 17th, Freddie Mac was cited for its commitment to employee diversity and opportunity. In addition, Freddie Mac was ranked second among corporations based on our charitable giving and its impact on minorities. In addition, the results of Fortune magazine's 2001 Most Admired Corporations in America survey are in, and once again Freddie Mac is among the country's top firms. Moreover, just this past October 2, Freddie Mac was placed among Fortune's list of the world’s most admired corporations. Both of these rankings are based on a number of factors, including quality of products and services; innovation; long-term investment value and financial soundness. Together these attributes signal Freddie Mac's commitment to shareholders, fixed-income investors, customers and homebuyers. The October 2001 issue of Washingtonian magazine named Freddie Mac one of the best places to work in the Washington, D.C. area. It's the second year in a row that Freddie Mac earned the honor. The April 16 issue of Fortune lists Freddie Mac among the largest companies in America within the annual Fortune 500 rankings. FreddieMac.com (Opens New Window) Source: Freddie Mac
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