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Freddie Mac News Release Archive

Freddie Mac Announces Michael J. DeVito as CEO

Transition to take place June 1 MCLEAN, Va., May 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac  (OTCQB: FMCC)   today announced that its Board of Directors has named housing-industry veteran Michael J. DeVito as the company’s Chief Executive Officer (CEO), effective June 1.... More

Freddie Mac Names Mark B. Grier as Interim CEO

MCLEAN, Va., March 16, 2021 (GLOBE NEWSWIRE) -- Freddie Mac  (OTCQB: FMCC) announced today that the company has named Mark B. Grier, Member of the Board of Directors and veteran of the financial services industry, as the company’s Interim Chief Executive Officer (CEO).... More

Freddie Mac Statement on Duty to Serve Underserved Markets Plan for 2021

McLEAN, Va. – The following statement was released today by Freddie Mac (OTCQB: FMCC) and is attributed to Danny Gardner, Senior Vice President, Client and Community Engagement for Single-Family Business. “At Freddie Mac, we see Duty to Serve as more than a program—it is a central piece of our... More

Freddie Mac Clears Path for New Index Rate

Company Begins Purchasing SOFR-indexed Products and Launches SOFR-indexed Offerings MCLEAN, Va., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today highlighted the key milestones it achieved in 2020 as part of its transition from LIBOR (formally the London Interbank Offered Rate) to... More

Freddie Mac Statement on FSOC’s Discussion of FHFA’s Revised Capital Rule

MCLEAN, Va . – Today, Freddie Mac CEO David Brickman issued the following statement after the Financial Stability Oversight Council’s (FSOC) discussion of the Federal Housing Finance Agency’s (FHFA) re-proposed Capital Rule: “The Financial Stability Oversight Council’s discussion of FHFA’s proposed... More

New Data Showcases Freddie Mac’s Impact Over the Last 50 Years

Company has provided $10 trillion to make home possible nearly 80 million times MCLEAN, Va., July 20, 2020 (GLOBE NEWSWIRE) -- To mark its 50th anniversary, Freddie Mac has launched new resources to showcase how it has helped families own or rent a home over the past 50 years.... More

Freddie Mac Announces J.P. Morgan as Financial Advisor

Key hire furthers progress toward exit from conservatorship MCLEAN, Va., June 15, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it has hired J.P. Morgan as a financial advisor to help facilitate the company’s recapitalization and exit from conservatorship.... More

Freddie Mac Appoints Christian M. Lown Chief Financial Officer

MCLEAN, Va., June 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the appointment of Christian M. Lown as Executive Vice President and Chief Financial Officer, effective June 15, 2020. Lown was previously EVP and CFO at Navient Corporation. He succeeds Donald F.... More

Freddie Mac Announces LIBOR Transition Website

MCLEAN, Va., May 28, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the launch of a new website providing key resources for lenders and investors as the company transitions from the London Interbank Offered Rate (LIBOR). The announcement comes alongside announcements made by the... More