The Culture At Federal Home Loan Mortgage

Information provided by the company
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A passion for the real estate industry.
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Having a passion for advanced technologies
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Federal Home Loan Mortgage Overview

The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a public government-sponsored enterprise, headquartered in Tysons Corner, Virginia. Freddie Mac is ranked No. 38 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
The staff at Federal Home Loan Mortgage come from unusually diverse demographic backgrounds. The company is 41.2% female and 52.1% ethnic minorities. Despite its diversity in other areas, Federal Home Loan Mortgage employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 78.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Federal Home Loan Mortgage has great employee retention with staff members usually staying with the company for 4.8 years. The average employee at Federal Home Loan Mortgage makes $92,023 per year. In comparison, some of its highest paying competitors, like Mastercard, S&P Global, and Intercontinental Exchange, pay $105,555, $100,368, and $99,594, respectively.
A large finance company with 5,982 employees and an annual revenue of $16.2B, Federal Home Loan Mortgage is headquartered in McLean, VA.

The Organization’s Mission

To promote stability and affordability in the housing market by purchasing mortgages from banks and other loan makers.

Industry

Finance

Revenue

$16.2B

Employees

5,982

Founded in

1970

Headquarters

McLean, VA

Website

freddiemac.com

Organization Type

Public

Is This Your Company?

Federal Home Loan Mortgage Employee Reviews

Zippia Official Logo

5.0

Zippia UserMay 2021

5.0

Zippia Official LogoZippia UserMay 2021

What Do You Like About Working There?

Interesting, mission-oriented work. Challenging and rewarding. Get to collaborate with bright, great professionals. Fairly good work-life balance.

What DON'T You Like About Working There?

Though it's not a huge company, it's still large enough that it sometimes feels hard to "make one's mark" unless one is really skilled at internal marketing.

What Are Your Favorite Benefits/Perks?

During COVID, we've operated fully remotely and with a reasonable amount of flexibility. We are treated as professionals who will get their jobs done well, managing their time as needed to make up for the occasional personal or life issues that come up. That trust needs to be earned and maintained, of course, but it's nice that the company strives to create a supportive environment in that sense.
Zippia Official Logo

4.0

Zippia UserApril 2020

4.0

Zippia Official LogoZippia UserApril 2020

What Do You Like About Working There?

The People

What DON'T You Like About Working There?

Culture indicates work life balance but in IT not the case

What Are Your Favorite Benefits/Perks?

Wellness Center
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Reddit UserNovember 2010
Zippia Official LogoReddit UserNovember 2010

Which fag came up with the name "Freddie Mac" for a bank? Bonus question: The same for Fannie May

I am supper clueless on the origins. At work, we just refer to the company as "freddie".
Zippia Official Logo
Reddit UserNovember 2010
Zippia Official LogoReddit UserNovember 2010

What do you do there and how much do you make?

I work in risk mitigation organization and my pay range is between $67,000 and $74,000.
Anonymous review of Federal Home Loan Mortgage

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What do you like about working for Federal Home Loan Mortgage?

The Team At Federal Home Loan Mortgage

Key People

    David Brickman (Executive VP and CEO)

Federal Home Loan Mortgage Company Rankings

Federal Home Loan Mortgage is ranked #89 on the Best Companies to Work For in Virginia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Federal Home Loan Mortgage Salaries

How much does Federal Home Loan Mortgage pay?
The national average salary for a Federal Home Loan Mortgage employee in the United States is $92,023 per year. Employees in the top 10 percent can make over $139,000 per year, while employees at the bottom 10 percent earn less than $60,000 per year.
9.0
Salary Score
Average Employee Earnings

Federal Home Loan Mortgage Salaries By Job Title

The average employee at Federal Home Loan Mortgage earns a yearly salary of $92,023 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at Federal Home Loan Mortgage include director, executive coordinator, lead technician, and senior software engineer. A typical director salary at Federal Home Loan Mortgage is $167,495 per year. To get a better sense of the salaries at Federal Home Loan Mortgage, other roles such as file clerk and administrative assistant can be considered as well. For comparison, the title file clerk at Federal Home Loan Mortgage earns $29,557 per year.
Job Title
Title
ascdesc
Average Salarydesc
Director
Salary Range142k - 197k$167k$167,495
Executive Coordinator
Salary Range115k - 148k$131k$131,031
Lead Technician
Salary Range109k - 132k$121k$120,584
Senior Software Engineer
Salary Range100k - 128k$114k$113,825
Professional Model
Salary Range83k - 154k$114k$113,566
Senior Java Developer
Salary Range99k - 124k$112k$111,537
Risk Manager
Salary Range93k - 127k$109k$109,086
Finance Analyst
Salary Range77k - 126k$99k$99,147
Project Manager
Salary Range83k - 117k$99k$98,692
Development Technician
Salary Range84k - 111k$97k$97,021
$67k
$197k

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Federal Home Loan Mortgage Careers

On average, employees at Federal Home Loan Mortgage stay with the company for 4.8 years. Employees most commonly join Federal Home Loan Mortgage after leaving Bank of America. When they leave Federal Home Loan Mortgage, they most frequently get their next job at Bank of America.

Average Length of Employment

4.0 years

Top Employers Before Federal Home Loan Mortgage

Top Employers After Federal Home Loan Mortgage

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Federal Home Loan Mortgage Employee Demographics

9.7
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Federal Home Loan Mortgage Employees Education

Of the 5,982 employees at Federal Home Loan Mortgage, 24.6% attended George Mason University. Employees at Federal Home Loan Mortgage most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Federal Home Loan Mortgage Employee Political Affiliation

Federal Home Loan Mortgage employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Federal Home Loan Mortgage employee was by Robert Tsien. Robert Tsien donated $65,010 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Robert TsienExecutive
Executive
Democratic Party
$65,010Democratic Party
Judy GayerAttorney
Attorney
Democratic Party
$23,550Democratic Party
Ricardo AnzalduaAttorney
Attorney
Democratic Party
$20,451Democratic Party
Andrea BridgemanAttorney
Attorney
Democratic Party
$14,615Democratic Party
Louis PerwienFinance Analyst
Finance Analyst
Democratic Party
$13,500Democratic Party
Mark GoodinAttorney
Attorney
Republican Party
$10,250Republican Party
Reginald GovanAttorney
Attorney
Democratic Party
$7,500Democratic Party
William McDavidAnalyst
Analyst
Libertarian Party
$7,400Libertarian Party
Melinda ReingoldAttorney
Attorney
Democratic Party
$5,200Democratic Party
JOE RosnerFinance
Finance
Republican Party
$5,000Republican Party
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Federal Home Loan Mortgage Financial Performance

8.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1970

Organization type

Public

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Federal Home Loan Mortgage Competitors

Competitors of Federal Home Loan Mortgage include Mastercard, S&P; Global, and Intercontinental Exchange. The wages at Mastercard average higher than the other similar companies, where the median salary is $105,555 per year. The employees at S&P; Global earn an average yearly salary of $100,368 per year, and the salaries at Intercontinental Exchange average $99,594 per year.
Companydesc
Average Salarydesc
Mastercard
Salary Range83k - 133k$106k$105,555
S&P Global
Salary Range79k - 125k$100k$100,368
Intercontinental Exchange
Salary Range81k - 121k$100k$99,594
Goldman Sachs
Salary Range77k - 127k$99k$99,431
Federal National Mortgage Association
Salary Range80k - 118k$98k$97,563
BlackRock
Salary Range71k - 125k$95k$95,234
Visa
Salary Range68k - 118k$90k$90,471
Charles Schwab
Salary Range68k - 118k$90k$89,967
State Street
Salary Range69k - 114k$89k$88,970
Bankrate
Salary Range67k - 113k$87k$87,471
$46k
$133k

Frequently Asked Questions about Federal Home Loan Mortgage

When was Federal Home Loan Mortgage founded?

Federal Home Loan Mortgage was founded in 1970.

How many Employees does Federal Home Loan Mortgage have?

Federal Home Loan Mortgage has 5,982 employees.

How much money does Federal Home Loan Mortgage make?

Federal Home Loan Mortgage generates $16.2B in revenue.

What industry is Federal Home Loan Mortgage in?

Federal Home Loan Mortgage is in the finance industry.

What is Federal Home Loan Mortgage's mission?

Federal Home Loan Mortgage's mission statement is "To promote stability and affordability in the housing market by purchasing mortgages from banks and other loan makers."

What type of company is Federal Home Loan Mortgage?

Federal Home Loan Mortgage is a public company.

Who are Federal Home Loan Mortgage's competitors?

Federal Home Loan Mortgage competitors include Federal National Mortgage Association, Visa, Intercontinental Exchange, Mastercard, S&P Global, Franklin Resources, Goldman Sachs, American Tower, State Street, Charles Schwab, American International Group, Voya Financial, American Express, Quicken Loans, The Bank of New York Mellon, BlackRock, Capital One, Western Union, Lincoln National, Bankrate.

Who works at Federal Home Loan Mortgage?

David Brickman (Executive VP and CEO)

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Updated October 27, 2021

Zippia gives an in-depth look into the details of Federal Home Loan Mortgage, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Home Loan Mortgage. The employee data is based on information from people who have self-reported their past or current employments at Federal Home Loan Mortgage. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Federal Home Loan Mortgage and its employees or that of Zippia.

Federal Home Loan Mortgage may also be known as or be related to Federal Home Loan Mortgage Corporation, Federal Home Loan Mtg Corporation, Freddie Mac, THE FEDERAL HOME LOAN MORTGAGE CORP and The Federal Home Loan Mortgage Corporation.