However, when Donald H Layton resigned from the board to take over as CEO of
Federal Home Loan Mortgage Corporation (Freddie Mac) in May 2012 and Laurette T Koellner resigned to assume the role of AIG's executive chairman of International Lease Finance Corporation in June 2012, the board decided to ask Offit to rejoin in the best interests of the company and its shareholders.
Freddie Mac is the nickname for the
Federal Home Loan Mortgage Corporation that purchases residential mortgages, securitizes them, and sells them to investors to provide lenders with funds for new homebuyers.
3 -- FHLMC (
Federal Home Loan Mortgage Corporation)
For a number of years the management of Freddie Mac (the
Federal Home Loan Mortgage Corporation) has used mark-to-market (MTM) information to assess corporate performance in its operations and decision making.
The bonds are special obligations of the authority secured solely by the revenues and assets pledged under the amended and restated master indenture that primarily consist of mortgage backed securities (MBS) guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae), mortgage pass-through certificates guaranteed by the Federal National Mortgage Association (FNMA or Fannie Mae) and MBS guaranteed by the
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) and cash reserves.
First Michigan Bank, the subsidiary of Troy, Michigan-based First Michigan Bancorp Inc, has said that it has regained the approval of The
Federal Home Loan Mortgage Corporation (Freddie Mac) to sell and service mortgages in the Port Huron community and throughout Michigan.
The
Federal Home Loan Mortgage Corporation made a mortgage loan to a limited partnership which owned a building in Brooklyn.
Depository institutions generally had higher portfolio and market shares than the two for-profit government-sponsored enterprises that are active in the secondary market, the Federal National Mortgage Association (Fannie Mae) and the
Federal Home Loan Mortgage Corporation (Freddie Mac).
31, 2015, the single-family portfolio consisted of 84% Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and
Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage-backed securities (MBS).
Federal Home Loan Mortgage Corporation (Freddie Mac) has reported a net loss of USD23.9bn, or USD7.37 per diluted share, for the fourth quarter ended December 31, 2008, compared to a net loss of USD25.3bn, or USD19.44 per diluted share for the third quarter ended September 30, 2008.