Freddie Mac
Freddie Mac operates in the secondary mortgage market in the United States. The last earnings update was 36 days ago. More info.
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- Freddie Mac has significant price volatility in the past 3 months.
FMCC Share Price and Events
7 Day Returns
1 Year Returns
FMCC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Freddie Mac (FMCC) | -5% | -10.5% | 114.8% | 75.2% | 76.4% | -30.4% |
| US Mortgage | -1.7% | -3.2% | 18.3% | -6.3% | 30.6% | 31.7% |
| US Market | 0.4% | 1.6% | 16.4% | 3.5% | 39.4% | 44% |
1 Year Return vs Industry and Market
- FMCC outperformed the Mortgage industry which returned -6.3% over the past year.
- FMCC outperformed the Market in United States of America which returned 3.5% over the past year.
FMCC Value
Is Freddie Mac undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Freddie Mac. This is due to cash flow or dividend data being unavailable. The share price is $2.47.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Freddie Mac's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Freddie Mac's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.12 |
| OTCPK:FMCC Share Price ** | OTCPK (2019-03-22) in USD | $2.47 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 135 Publicly-Listed Mortgage Companies | 14.76x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.52x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Freddie Mac.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OTCPK:FMCC Share Price ÷ EPS (both in USD) = 2.47 ÷ 1.12 |
2.21x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Freddie Mac is good value based on earnings compared to the US Mortgage industry average.
- Freddie Mac is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Freddie Mac's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 2.21x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-149.8%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 2.21x ÷ -149.8% |
-0.01x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Freddie Mac earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Freddie Mac's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $-25.54 |
| OTCPK:FMCC Share Price * | OTCPK (2019-03-22) in USD | $2.47 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.14x |
| United States of America Market PB Ratio | Median Figure of 5,157 Publicly-Listed Companies | 1.88x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OTCPK:FMCC Share Price ÷ Book Value per Share (both in USD) = 2.47 ÷ -25.54 |
-0.1x |
* Primary Listing of Freddie Mac.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Freddie Mac has negative assets, we can't compare the value of its assets to the US Mortgage industry average.
Value checks
We assess Freddie Mac's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Freddie Mac has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
FMCC Future Performance
How is Freddie Mac expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Freddie Mac's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Freddie Mac's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Freddie Mac's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:FMCC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -149.8% |
| OTCPK:FMCC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -10.9% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 7.6% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 12,459 | 0 | 1 | |
| 2019-12-31 | 12,471 | 0 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 15,385 | 674 | 3,612 |
| 2018-09-30 | 18,156 | 3,600 | 1,071 |
| 2018-06-30 | 17,535 | 8,657 | 945 |
| 2018-03-31 | 16,851 | 10,122 | -295 |
| 2017-12-31 | 16,244 | 4,224 | -3,244 |
| 2017-09-30 | 19,693 | 4,563 | 48 |
| 2017-06-30 | 20,400 | 1,015 | 46 |
| 2017-03-31 | 19,456 | 8,928 | 428 |
| 2016-12-31 | 15,893 | 4,395 | 97 |
| 2016-09-30 | 11,720 | 9,562 | 143 |
| 2016-06-30 | 7,744 | 6,482 | -351 |
| 2016-03-31 | 12,678 | -1,513 | -155 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Freddie Mac Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.00 | 2.00 | 2.00 | 1.00 |
| 2019-12-31 | 2.00 | 2.00 | 2.00 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.12 |
| 2018-09-30 | 0.33 |
| 2018-06-30 | 0.29 |
| 2018-03-31 | -0.09 |
| 2017-12-31 | -1.00 |
| 2017-09-30 | 0.01 |
| 2017-06-30 | 0.01 |
| 2017-03-31 | 0.13 |
| 2016-12-31 | 0.03 |
| 2016-09-30 | 0.04 |
| 2016-06-30 | -0.11 |
| 2016-03-31 | -0.05 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Freddie Mac will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Freddie Mac's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Freddie Mac has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
FMCC Past Performance
How has Freddie Mac performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Freddie Mac has delivered over 20% year on year earnings growth in the past 5 years.
- Freddie Mac has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Freddie Mac has become profitable in the last year making it difficult to compare the US Mortgage industry average.
Earnings and Revenue History
All data from Freddie Mac Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 15,385.00 | 3,612.00 | 2,293.00 | |
| 2018-09-30 | 18,156.00 | 1,071.00 | 2,205.00 | |
| 2018-06-30 | 17,535.00 | 945.00 | 2,160.00 | |
| 2018-03-31 | 16,851.00 | -295.00 | 2,115.00 | |
| 2017-12-31 | 16,244.00 | -3,244.00 | 2,106.00 | |
| 2017-09-30 | 19,693.00 | 48.00 | 2,132.00 | |
| 2017-06-30 | 20,400.00 | 46.00 | 2,106.00 | |
| 2017-03-31 | 19,456.00 | 428.00 | 2,068.00 | |
| 2016-12-31 | 15,893.00 | 97.00 | 2,005.00 | |
| 2016-09-30 | 11,720.00 | 143.00 | 1,931.00 | |
| 2016-06-30 | 7,744.00 | -351.00 | 1,898.00 | |
| 2016-03-31 | 12,678.00 | -155.00 | 1,924.00 | |
| 2015-12-31 | 14,252.00 | -23.00 | 1,927.00 | |
| 2015-09-30 | 11,222.00 | -1,065.00 | 1,905.00 | |
| 2015-06-30 | 13,549.00 | -1,295.00 | 1,912.00 | |
| 2015-03-31 | 8,581.00 | -2,079.00 | 1,864.00 | |
| 2014-12-31 | 8,430.00 | -2,336.00 | 1,881.00 | |
| 2014-09-30 | 11,491.00 | -3,534.00 | 1,867.00 | |
| 2014-06-30 | 14,786.00 | -2,779.00 | 1,850.00 | |
| 2014-03-31 | 17,225.00 | -1,620.00 | 1,841.00 | |
| 2013-12-31 | 21,475.00 | -3,531.00 | 1,805.00 | |
| 2013-09-30 | 19,454.00 | -4,887.00 | 1,753.00 | |
| 2013-06-30 | 16,425.00 | -3,818.00 | 1,699.00 | |
| 2013-03-31 | 14,777.00 | -3,237.00 | 1,656.00 | |
| 2012-12-31 | 10,940.00 | -2,074.00 | 1,561.00 | |
| 2012-09-30 | 8,358.00 | 65.00 | 1,519.00 | |
| 2012-06-30 | 2,020.00 | -7,094.00 | 1,499.00 | |
| 2012-03-31 | -2,775.00 | -12,062.00 | 1,482.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Freddie Mac made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Freddie Mac used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Freddie Mac improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Freddie Mac's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Freddie Mac has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
FMCC Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Freddie Mac Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,477.00 | 2,045,533.00 | 71,666.00 |
| 2018-09-30 | 5,559.00 | 2,042,285.00 | 84,035.00 |
| 2018-06-30 | 4,585.00 | 2,021,571.00 | 74,394.00 |
| 2018-03-31 | 2,150.00 | 2,005,152.00 | 71,822.00 |
| 2017-12-31 | -312.00 | 2,034,899.00 | 91,014.00 |
| 2017-09-30 | 5,250.00 | 2,009,790.00 | 80,318.00 |
| 2017-06-30 | 2,586.00 | 2,009,464.00 | 88,481.00 |
| 2017-03-31 | 2,834.00 | 2,018,779.00 | 99,430.00 |
| 2016-12-31 | 5,075.00 | 2,002,799.00 | 109,454.00 |
| 2016-09-30 | 3,510.00 | 2,001,019.00 | 95,430.00 |
| 2016-06-30 | 2,133.00 | 1,973,346.00 | 90,622.00 |
| 2016-03-31 | 1,000.00 | 1,957,250.00 | 81,546.00 |
| 2015-12-31 | 2,940.00 | 1,971,523.00 | 108,465.00 |
| 2015-09-30 | 1,299.00 | 1,949,059.00 | 77,694.00 |
| 2015-06-30 | 5,713.00 | 1,929,980.00 | 72,798.00 |
| 2015-03-31 | 2,546.00 | 1,937,636.00 | 93,382.00 |
| 2014-12-31 | 2,651.00 | 1,931,505.00 | 92,206.00 |
| 2014-09-30 | 5,186.00 | 1,905,481.00 | 76,085.00 |
| 2014-06-30 | 4,290.00 | 1,899,964.00 | 82,763.00 |
| 2014-03-31 | 6,899.00 | 1,900,436.00 | 76,714.00 |
| 2013-12-31 | 12,835.00 | 1,940,931.00 | 97,766.00 |
| 2013-09-30 | 33,436.00 | 1,935,966.00 | 103,915.00 |
| 2013-06-30 | 7,357.00 | 1,946,787.00 | 97,503.00 |
| 2013-03-31 | 9,971.00 | 1,956,074.00 | 98,567.00 |
| 2012-12-31 | 8,827.00 | 1,967,220.00 | 88,225.00 |
| 2012-09-30 | 4,907.00 | 1,997,955.00 | 100,949.00 |
| 2012-06-30 | 1,086.00 | 2,050,692.00 | 105,644.00 |
| 2012-03-31 | -18.00 | 2,100,547.00 | 91,419.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Unable to establish if Freddie Mac has an acceptable proportion of non-loan assets without balance sheet data.
- Unable to establish if Freddie Mac's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
- Freddie Mac reports no customer deposits, loans are made up entirely of borrowed funds.
- Freddie Mac's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
- Unable to establish if Freddie Mac has a sufficient allowance for bad loans without relevant financial data.
- Unable to establish if Freddie Mac has an acceptable level of bad loans without bad loans data.
Financial health checks
We assess Freddie Mac's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Freddie Mac has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
FMCC Dividends
What is Freddie Mac's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Freddie Mac
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Freddie Mac's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Freddie Mac's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 99 Stocks | 3.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2006 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2010-05-05 | 0.000 | 0.000 |
| 2010-03-04 | 0.000 | 0.000 |
| 2010-02-24 | 0.000 | 0.000 |
| 2009-11-06 | 0.000 | 0.000 |
| 2009-08-07 | 0.000 | 0.000 |
| 2009-05-12 | 0.000 | 0.000 |
| 2009-03-23 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Freddie Mac has not reported any payouts.
- Unable to verify if Freddie Mac's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Freddie Mac's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Freddie Mac afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Freddie Mac has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FMCC Management
CEO
| COMPENSATION | $651,000 |
| AGE | 68 |
| TENURE AS CEO | 6.8 years |
CEO Bio
Mr. Donald H. Layton, also known as Don, ACIS, LLBm has been the Chief Executive Officer at Federal Home Loan Mortgage Corporation since May 21, 2012. Mr. Layton has been a Senior Advisor of NewOak Capital LLC since March 2010. He has over 35 years of experience in financial services and as a corporate leader. Mr. Layton served as the Head of Finance and Risk Management at JPMorgan Chase & Co. since June 2004 and its Head of Technology since July 2003. He served as an Executive Chairman and Chief Executive Officer of E*TRADE Financial Corporation from December 2007 to December 31, 2009 and from March 3, 2008 to December 31, 2009 respectively. He served as the Head of Chase Financial Services of JPMorgan Chase & Co from 2002 to 2004 and Treasury & Securities Services of JPMorgan Chase & Co from 1999 to 2004 and Member for Office of the Chairman at JPMorgan Chase & Co until June 2004. Mr. Layton served as a Co-Head of the Investment Bank at JPMorgan until May 2002. Mr. Layton served as a Co-Chief Executive Officer of JPMorgan, the investment bank of JPMorgan Chase & Co. from 2000 to 2002.He served as Head of Global Markets, the worldwide capital markets and trading division, of the predecessor Chase Manhattan Corporation from 1996 to 2000. He has over 32 years of experience in financial services. Mr. Layton began his career in 1975 at Manufacturers Hanover Trust (a predecessor firm to J.P. Morgan Chase & Co) and served as its Senior Vice President in 1983. At his retirement from JPMorgan Chase, he was responsible for including consumer, small business and middle market banking and wholesale operating services. At the time of the merger of Manufacturers Hanover Trust with Chemical Bank in 1992, he was in charge of all capital markets and trading activities, as well as supervising the international branch system. He served as a Special Advisor to the E*TRADE Financial Board of Directors. He was responsible for Chase's worldwide capital markets and trading activities, including foreign exchange, risk management products, emerging markets and fixed income. Since 1999, he has also supervised Chase's wholesale operating services business. Mr. Layton serves as the Chairman of CHIPCo Inc. He serves as the Chairman of The Partnership for the Homeless. He served as a Vice Chairman of Chase and responsible for capital markets and trading activities. He served as a Vice Chairman of JPMorgan Chase & Co. He served as a Vice Chairman of Chemical Bank since 1995. He has been Director of Federal Home Loan Mortgage Corporation since May 21, 2012. Mr. Layton serves as a Director of MasterCard International, Private Export Funding Corporation, Foreign Policy Association and International Executive Service Corps as well as the Financial Services Roundtable and BITS, its technology affiliate. He served as a Director of American International Group Inc. since April 2010 until May 2012. He served as a Director of MasterCard Worldwide Inc. since October 2002. He served as a Director of Assured Guaranty Ltd. from May 5, 2006 to May 10, 2012. He served as a Director of E*Trade Bank and E*TRADE Financial Corp. until December 2009. Mr. Layton served as a Senior Advisor to The Securities Industry and Financial Markets Association from 2006 to 2008, a member of the Federal Reserve Bank of New York's International Capital Markets Advisory Committee and the Massachusetts Institute of Technology Visiting Committee for Economics. He serves as a Member of the International Monetary Fund Capital Markets Consultative Group, the Federal Reserve Bank of New York's International Capital Markets Advisory Committee and the Massachusetts Institute of Technology Visiting Committee for Economics. Mr. Layton holds a Bachelor and Master of Science Degrees in Economics simultaneously from the Massachusetts Institute of Technology in 1972 and an MBA from Harvard University. Mr. Layton graduated a Baker Scholar from Harvard University in 1974.
CEO Compensation
- Don's compensation has been consistent with company performance over the past year.
- Don's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Freddie Mac management team in years:
- The tenure for the Freddie Mac management team is about average.
Management Team
Don Layton
CEO & Director
$651K
68
6.8 yrs
David Brickman
President
$3M
52
0.5 yrs
Jim Mackey
Executive VP & CFO
$3M
51
5.3 yrs
Michael Hutchins
Executive Vice President of Investments & Capital Markets
$3M
62
4.2 yrs
David Lowman
Executive Vice President of Single-Family Business
$3M
60
5.8 yrs
Donald Kish
Senior VP
49
0.8 yrs
Stacey Goodman
Executive VP & Chief Information Officer
55
1.5 yrs
Jerry Weiss
Executive VP & Chief Administrative Officer
$2M
60
8.6 yrs
Jeff Markowitz
Senior VP of External Relations & Corporate Communications
Ricardo Anzaldua-Montoya
Executive VP
64
0.2 yrs
Board of Directors Tenure
Average tenure and age of the Freddie Mac board of directors in years:
- The tenure for the Freddie Mac board of directors is about average.
Board of Directors
Sara Mathew
Non-Executive Chairman
$185K
63
0.1 yrs
Don Layton
CEO & Director
$651K
68
6.8 yrs
Gene Shanks
Director
$173K
71
10.3 yrs
Steve Kohlhagen
Director
$169K
70
6.1 yrs
Sy Naqvi
Director
$175K
68
5.6 yrs
Aleem Gillani
Director
56
0.2 yrs
Lance Drummond
Director
$170K
64
3.7 yrs
Grace Huebscher
Director
$160K
58
1.3 yrs
Christopher Herbert
Director
$121K
57
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Nov 18 | Sell | David Brickman | Individual | 05. Nov 18 | 05. Nov 18 | -4,000 | $1.27 | $-5,080 | ||
Management checks
We assess Freddie Mac's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Freddie Mac has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
FMCC Company Info
Description
Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets. The Single-family Guarantee segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit risk. This segment serves mortgage banking companies, commercial banks, regional banks, community banks, credit unions, housing finance agencies, savings institutions, and non-depository financial institutions. The Multifamily segment engages in the purchase, sale, securitization, and guarantee activities in multifamily loans and securities through the issuance of multifamily K and SB certificates; issuing and guarantying other securitization products; issuing other credit risk transfer products; and provision of other mortgage-related guarantees, as well as post-construction financing to apartment project operators. The Capital Markets segment invests principally in mortgage-related investments portfolio and single-family performing and re-performing loans. This segment serves banks and other depository institutions, insurance companies, money managers, central banks, pension funds, state and local governments, real estate investment trusts, brokers and dealers, and lenders. Freddie Mac was founded in 1970 and is headquartered in McLean, Virginia.
Details
| Name: | Freddie Mac |
| FMCC | |
| Exchange: | OTCPK |
| Founded: | 1970 |
| $7,956,687,224 | |
| 3,221,330,860 | |
| Website: | http://www.freddiemac.com |
| Address: |
Freddie Mac 8200 Jones Branch Drive, McLean, Virginia, 22102, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OTCPK | FMCC | Common Stock | Pink Sheets LLC | US | USD | 02. Dec 1988 | |
| DB | FHL | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Dec 1988 | |
| LSE | 0IKZ | Common Stock | London Stock Exchange | GB | USD | 02. Dec 1988 | |
| OTCPK | FMCC.I | PFD VAR RATE | Pink Sheets LLC | US | USD | 09. May 1996 | |
| OTCPK | FMCK.P | PFD 5.70% | Pink Sheets LLC | US | USD | 16. Nov 2001 | |
| OTCPK | FMCC.P | PFD 6% NON-CUM | Pink Sheets LLC | US | USD | 18. Jun 2001 | |
| OTCPK | FMCC.J | PFD VAR RATE | Pink Sheets LLC | US | USD | 18. Jun 2001 | |
| OTCPK | FMCC.N | PFD VR RT NCUM | Pink Sheets LLC | US | USD | 25. Jun 2001 | |
| OTCPK | FMCC.O | PFD 5.81% NCUM | Pink Sheets LLC | US | USD | 25. Jun 2001 | |
| OTCPK | FMCC.M | PFD VAR RATE | Pink Sheets LLC | US | USD | 28. Feb 2001 | |
| OTCPK | FMCC.L | PFD 5.97% | Pink Sheets LLC | US | USD | 08. Dec 1999 | |
| OTCPK | FMCC.K | PFD 5.79% | Pink Sheets LLC | US | USD | 26. Jul 1999 | |
| OTCPK | FMCC.G | PFD FLTG RATE | Pink Sheets LLC | US | USD | 05. Oct 1998 | |
| OTCPK | FMCC.H | PFD 5.1% | Pink Sheets LLC | US | USD | 30. Sep 1998 | |
| OTCPK | FREG.P | PFD 5.81% | Pink Sheets LLC | US | USD | 21. Jun 2002 | |
| OTCPK | FREJ.N | PFD PERP 5.81% | Pink Sheets LLC | US | USD | 08. Apr 2004 | |
| OTCPK | FMCC.T | PFD PERP 6.42% | Pink Sheets LLC | US | USD | 12. Jul 2006 | |
| OTCPK | FMCC.S | PFD PERP VAR | Pink Sheets LLC | US | USD | 12. Jul 2006 | |
| OTCPK | FMCK.O | PERP PFD 5.9% | Pink Sheets LLC | US | USD | 13. Oct 2006 | |
| OTCPK | FMCK.M | PFD PERP 5.57% | Pink Sheets LLC | US | USD | 11. Jan 2007 | |
| OTCPK | FMCK.I | PFD6.55% SER Y | Pink Sheets LLC | US | USD | 26. Sep 2007 | |
| OTCPK | FMCK.J | PFD 8.375% NCM | Pink Sheets LLC | US | USD | 30. Nov 2007 | |
| OTCPK | FMCK.L | 6.02% NON CM PFD | Pink Sheets LLC | US | USD | 25. Jul 2007 | |
| OTCPK | FMCK.N | PFD CUM 5.66% | Pink Sheets LLC | US | USD | 11. Apr 2007 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/22 23:36 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/02/20 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
