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.
The staff at Federal Home Loan Mortgage come from unusually diverse demographic backgrounds. The company is 39.8% female and 52.2% 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 75.7%. 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 3.3 years. The average employee at Federal Home Loan Mortgage makes $92,897 per year. Pay at Federal Home Loan Mortgage is significantly lower than some of its highest paying competitors, like Morgan Stanley, Mastercard, and Charles Schwab, which pay $119,629, $113,126, and $108,428, respectively.
A large finance company with 5,982 employees and an annual revenue of $20.4B, Federal Home Loan Mortgage is headquartered in Virginia.

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

$20.4B

Employees

5,982

Founded in

1970

Headquarters

McLean, VA

Website

freddiemac.com

Organization Type

Public

Is This Your Company?

The team at Federal Home Loan Mortgage

Key People
  • Donald Layton (Executive VP, CEO)
  • Christopher Lynch (Non-Executive Chairman)

The Culture At Federal Home Loan Mortgage

Information provided by the company
Are you passionate about technology transformations Are you looking for a career that enables you to work with the latest and greatest technologies
A passion for the real estate industry.
Are you a trusted relationship builder and inspiring team leader
Having a passion for advanced technologies
Do you enjoy working with a team of varying skillsets to collectively discover new opportunities to delight customers

Federal Home Loan Mortgage Reviews

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4.0

Zippia UserApril 2020

4.0

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What DON'T You Like About Working There?

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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".
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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.
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Federal Home Loan Mortgage Rankings

Federal Home Loan Mortgage is ranked #51 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.

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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 $92,897 per year. Employees in the top 10 percent can make over $129,000 per year, while employees at the bottom 10 percent earn less than $66,000 per year.
8.9
Salary Score
Average Employee Earnings

Federal Home Loan Mortgage Salaries By Job Title

While Federal Home Loan Mortgage employees earn an average yearly salary of $92,897, different roles can command different wages. Some of the positions that earn high wages at Federal Home Loan Mortgage include Risk Management Director, Senior Project Manager, Lead Technician, and Finance Controller. A typical Risk Management Director salary at Federal Home Loan Mortgage is $147,917. To get a better sense of the salaries at Federal Home Loan Mortgage, other roles such as File Clerk and Loan Processor can be considered as well. For comparison, the title File Clerk at Federal Home Loan Mortgage earns $28,277 per year.

Federal Home Loan Mortgage careers

On average, employees at Federal Home Loan Mortgage stay with the company for 3.3 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

Federal Home Loan Mortgage

3.3 years
Capital One2.9 years
Top Employers Before Federal Home Loan Mortgage
Citi7.6 %
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Top Employers After Federal Home Loan Mortgage
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Federal Home Loan Mortgage Financial Performance

9.0
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

Some of the competitors of Federal Home Loan Mortgage are Morgan Stanley, Mastercard, and Charles Schwab. The wages at Morgan Stanley average higher than the other similar companies, where the median salary is $119,629 per year. The salaries at Mastercard average $113,126 per year, and the salaries at Charles Schwab come in at $108,428 per year.

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 $20.4B 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 Capital One, Bank of America, JPMorgan Chase, Wells Fargo, The Bank of New York Mellon, Charles Schwab, American Express, State Street, Visa, The Hartford, Citi, Goldman Sachs, Morgan Stanley, Mastercard, SunTrust Banks, The PNC Financial Services Group, KeyBank, Citizens Financial Group, Discover Financial Services, Ameriprise Financial.

Who works at Federal Home Loan Mortgage?

Donald Layton (Executive VP, CEO)

Christopher Lynch (Non-Executive Chairman)

Are you an executive, HR leader, or brand manager at Federal Home Loan Mortgage?

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You can find out what it is like to work at Federal Home Loan Mortgage, also known as Federal Home Loan Mortgage Corporation, Freddie Mac, THE FEDERAL HOME LOAN MORTGAGE CORP and The Federal Home Loan Mortgage Corporation.

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.