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Freddie Mac

OTCPK:FMCC
Snowflake Description

Slightly overvalued with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FMCC
OTCPK
$8B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Freddie Mac operates in the secondary mortgage market in the United States. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Freddie Mac has significant price volatility in the past 3 months.
FMCC Share Price and Events
7 Day Returns
-5%
OTCPK:FMCC
-1.7%
US Mortgage
0.4%
US Market
1 Year Returns
75.2%
OTCPK:FMCC
-6.3%
US Mortgage
3.5%
US Market
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.
Price Volatility
FMCC
Industry
5yr Volatility vs Market

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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • 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?
Raw Data
OTCPK:FMCC PE (Price to Earnings) Ratio Data Sources
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.

OTCPK:FMCC PE (Price to Earnings) Ratio Calculation
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?
Raw Data
OTCPK:FMCC PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

OTCPK:FMCC PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
OTCPK:FMCC PB (Price to Book) Ratio Data Sources
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
OTCPK:FMCC PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Freddie Mac's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
-149.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Freddie Mac expected to grow at an attractive rate?
  • 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
Raw Data
OTCPK:FMCC Future Growth Rates Data Sources
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
Raw Data
OTCPK:FMCC Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FMCC Future Estimates Data
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
OTCPK:FMCC Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Freddie Mac's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Freddie Mac's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FMCC 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.

OTCPK:FMCC Future Estimates Data
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
OTCPK:FMCC Past Financials Data
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.
X
Future performance checks
We assess Freddie Mac's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Freddie Mac's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Freddie Mac's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Freddie Mac Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FMCC Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Freddie Mac's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is Freddie Mac's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Freddie Mac's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from Freddie Mac Company Filings, last reported 2 months ago.

OTCPK:FMCC Past Debt and Equity Data
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.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 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.
X
Financial health checks
We assess Freddie Mac's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Freddie Mac has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Freddie Mac dividends.
If you bought $2,000 of Freddie Mac shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
OTCPK:FMCC Annualized Past and Future Dividends
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.

OTCPK:FMCC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:FMCC Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Freddie Mac's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Freddie Mac has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Freddie Mac's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Freddie Mac's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Layton
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:

4.2
Average Tenure
60
Average Age
  • The tenure for the Freddie Mac management team is about average.
Management Team

Don Layton

TITLE
CEO & Director
COMPENSATION
$651K
AGE
68
TENURE
6.8 yrs

David Brickman

TITLE
President
COMPENSATION
$3M
AGE
52
TENURE
0.5 yrs

Jim Mackey

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
51
TENURE
5.3 yrs

Michael Hutchins

TITLE
Executive Vice President of Investments & Capital Markets
COMPENSATION
$3M
AGE
62
TENURE
4.2 yrs

David Lowman

TITLE
Executive Vice President of Single-Family Business
COMPENSATION
$3M
AGE
60
TENURE
5.8 yrs

Donald Kish

TITLE
Senior VP
AGE
49
TENURE
0.8 yrs

Stacey Goodman

TITLE
Executive VP & Chief Information Officer
AGE
55
TENURE
1.5 yrs

Jerry Weiss

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$2M
AGE
60
TENURE
8.6 yrs

Jeff Markowitz

TITLE
Senior VP of External Relations & Corporate Communications

Ricardo Anzaldua-Montoya

TITLE
Executive VP
AGE
64
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Freddie Mac board of directors in years:

3.7
Average Tenure
64
Average Age
  • The tenure for the Freddie Mac board of directors is about average.
Board of Directors

Sara Mathew

TITLE
Non-Executive Chairman
COMPENSATION
$185K
AGE
63
TENURE
0.1 yrs

Don Layton

TITLE
CEO & Director
COMPENSATION
$651K
AGE
68
TENURE
6.8 yrs

Gene Shanks

TITLE
Director
COMPENSATION
$173K
AGE
71
TENURE
10.3 yrs

Steve Kohlhagen

TITLE
Director
COMPENSATION
$169K
AGE
70
TENURE
6.1 yrs

Sy Naqvi

TITLE
Director
COMPENSATION
$175K
AGE
68
TENURE
5.6 yrs

Aleem Gillani

TITLE
Director
AGE
56
TENURE
0.2 yrs

Lance Drummond

TITLE
Director
COMPENSATION
$170K
AGE
64
TENURE
3.7 yrs

Grace Huebscher

TITLE
Director
COMPENSATION
$160K
AGE
58
TENURE
1.3 yrs

Christopher Herbert

TITLE
Director
COMPENSATION
$121K
AGE
57
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Nov 18 Sell David Brickman Individual 05. Nov 18 05. Nov 18 -4,000 $1.27 $-5,080
X
Management checks
We assess Freddie Mac's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 News

Simply Wall St News

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
Staff numbers
6,621
Freddie Mac employees.
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.