Last €2.82 EUR
Change Today -0.042 / -1.47%
Volume 25.3K
As of 10:17 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

freddie mac (FHL) Snapshot

Open
€2.86
Previous Close
€2.87
Day High
€2.86
Day Low
€2.82
52 Week High
03/11/14 - €4.32
52 Week Low
04/24/13 - €0.60
Market Cap
9.1B
Average Volume 10 Days
14.1K
EPS TTM
--
Shares Outstanding
3.2B
EX-Date
09/7/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FREDDIE MAC (FHL)

freddie mac (FHL) Details

Federal Home Loan Mortgage Corporation provides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities in the United States. It operates in three segments: Single-Family Guarantee, Investments, and Multifamily. The Single-Family Guarantee segment purchases single-family mortgage loans originated by its seller/servicers in the primary mortgage market; securitizes the purchased mortgage loans into guaranteed mortgage-related securities; and guarantees the payment of principal and interest on the mortgage-related securities. This segment serves lenders, including mortgage banking companies, commercial banks, community banks, credit unions, housing finance agencies (HFAs), and thrift institutions. The Investments segment invests principally in mortgage-related securities and single-family performing mortgage loans that are funded by other debt issuances and hedged using derivatives. It serves insurance companies, money managers, central banks, depository institutions, and pension funds. The Multifamily segment is engaged in the investment, purchase, sale, securitization, and guarantee of multifamily mortgage loans and securities; issues other structured securities; guarantees multifamily HFA bonds and housing revenue bonds held by third parties; and offers post-construction financing to larger apartment project operators. Federal Home Loan Mortgage Corporation was founded in 1970 and is based in McLean, Virginia.

5,053 Employees
Last Reported Date: 02/27/14
Founded in 1970

freddie mac (FHL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $811.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.8M
Executive Vice President of Single-Family Bus...
Total Annual Compensation: $1.5M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

freddie mac (FHL) Key Developments

Freddie Mac Releases its Freddie Mac Multi-Indicator Market Index(SM) (MiMi(SM))

Freddie Mac released its inaugural Freddie Mac Multi-Indicator Market Index(SM) (MiMi(SM)). MiMi is a new publicly-accessible tool that monitors and measures the stability of the nation's housing market, as well as the housing markets of all 50 states, the District of Columbia, and the top 50 metro markets. MiMi combines proprietary Freddie Mac data with current local market data to calculate a range of equilibrium for each single-family housing market covered. Monthly, MiMi uses this data to show, at a glance, where each market stands relative to its own stable range. MiMi also indicates how each market is trending - whether it is moving closer to, or further away from, its stable range. A market can fall outside its stable range by being too weak to generate enough demand for a well-balanced housing market or by overheating to an unsustainable level of activity.

Freddie Mac Selects Platinum Data as Distributor of Home Value Suite

Freddie Mac has approved Platinum Data Solutions as one of nine authorized distributors of Freddie Mac's Home Value Suite to mortgage lenders, servicers and other third parties. Freddie Mac's Home Value Suite includes Home Value Explorer(R) (HVE(R)), an automated valuation model (AVM), and Home Value Calibrator(R) (Calibrator(R)), a quality control tool that analyzes the relationship between key loan information, borrower information and collateral valuation data. As an authorized distributor, Platinum Data can now sell HVE to not only lenders, servicers and other direct users, but also third party resellers. Another distinction of being an authorized distributor is that Platinum Data is now able to provide Calibrator, which was not previously available through the company.

Federal Home Loan Mortgage Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Announces Net Impairment of AFS Securities; Announces March 2014 Dividend Obligation

Federal Home Loan Mortgage Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net interest income of $3.8 billion compared to $4.3 billion for the third quarter of 2013. Pre-tax income was $9.3 billion compared to $6.5 billion for the third quarter of 2013. Net income was $8.6 billion compared to $30.5 billion for the third quarter of 2013. The increase in pre-tax income primarily reflects higher other non-interest income driven by higher private label securities (PLS) litigation settlement proceeds, as well as a shift from derivative losses in the third quarter to derivative gains in the fourth quarter. These favorable impacts were partially offset by higher net impairment expense and a lower benefit for credit losses. For the year 2013, the company reported net interest income of $16.5 billion compared to $17.6 billion a year ago. Pre-tax income was $25.4 billion compared to $9.4 billion a year ago. Net income was $48.7 billion compared to $11.0 billion a year ago. Financial results of 2013 were positively impacted by release of the deferred tax asset valuation allowance, the benefit of various legal settlements, reduced loan loss provisioning and fair value gains on the company's derivative portfolio and non-agency mortgage-related securities. Pre-tax income increase primarily reflects higher other non-interest income driven by settlement proceeds related to PLS litigation, a shift from a provision for credit losses in 2012 to a benefit for credit losses in 2013, and a shift from derivative losses in 2012 to derivative gains in 2013. The company announced that net impairment of AFS securities recognized in earnings was $1.3 billion for the fourth quarter of 2013, compared to $126 million for the third quarter of 2013. The increase was primarily due to the fourth quarter implementation of enhanced model assumptions used to project cash flows on certain modified loans collateralizing non-agency mortgage-related securities. The company also announced that based on December 31, 2013 net worth of $12.8 billion, the company's March 2014 dividend obligation will be $10.4 billion, bringing total cash dividends paid to Treasury to $81.8 billion.

 

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FHL Competitors

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Company Last Change
Ameriprise Financial Inc $106.44 USD -0.35
Federal National Mortgage Association $3.96 USD +0.01
Genworth Financial Inc $17.38 USD -0.31
Old Republic International Corp $16.91 USD +0.08
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Industry Analysis

FHL

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Valuation FHL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book NM Not Meaningful
Price/Cash Flow 0.1x
TEV/Sales NM Not Meaningful
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