How FM Makes Money
Where can potential homebuyers go to get a mortgage loan?
Banks, housing finance agencies, credit unions and nonbanks (financial companies without deposits)
Name one physical risk that is considered part of climate risk
natural disasters, rising sea levels and rising temperatures
Freddie Mac operates in the ___ mortgage market.
Secondary
What two divisions comprise Single-Family?
Single-Family Acquisitions & Single-Family Portfolio and Servicing
Who's favorite store is Amazon?
Genie
By purchasing mortgages, Freddie Mac provides ___ to lenders, enabling them to issue more loans.
Liquidity
Who holds Freddie Mac accountable for advancing the company's sustainability-related efforts?
FHFA (our regulator) holds leadership accountable
In what year was Freddie Mac chartered by Congress?
1970
What's the name of Single-Family's flagship affordable 30-year fixed rate mortgage for very low-to low-income borrowers?
Who's favorite movie is the Great Gatsby?
Caitlyn
Who are the key players in the secondary mortgage market?
Freddie Mac, Fannie Mae, and Ginnie Mae
In 2023, what senior operating-level committee was launched at Freddie Mac to strengthen our governance structure?
Corporate Sustainability Committee - oversees the implementation of the sustainability strategy
Which competency is missing: lead, collaborate, deliver results, _____ , grow & develop?
Focus on stakeholders
CreditSmart multilingual tools are available in four languages. Name two of the four.
Spanish, Chinese, Vietnamese and Korean.
Who's favorite sports team is the US Women's National Soccer team?
Natalie
What fee does the lender pay when selling a loan to Freddie Mac?
Guarantee fee
In 2023, how many meals were donated to local food rescue organizations from the Freddie Mac cafeterias to reduce food waste?
approximately 24,000 meals
What is the full name of Freddie Mac?
Federal Home Loan Mortgage Corporation
What is the minimum down payment required for a Freddie Mac HomeOne mortgage loan?
3% minimum down payment
Who's hobby is crocheting?
Shelby
What is the name of the suite of educational resources is designed to empower borrowers with the skills and knowledge to assist them through every stage of their financial capability and homeownership journey.
CreditSmart
How many pounds of food were composted in our HQ buildings in 2023?
more than 356,000 pounds
What document lists Freddie Mac's requirements relating to the purchase, sale, and Servicing of Mortgages?
The Seller-Servicer Guide
What is Freddie Mac's ranking on the Fortune 500? *hint we are in the top 100
56th
Who was once on Japanese TV?
Lynda