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An accounting scandal erupted at the government-sponsored company in June 2003 when it disclosed that it had misstated earnings by some $5 billion \u2014 mostly underreported \u2014 for 2000-2002 to smooth quarterly volatility in earnings and meet Wall Street expectations.
Freddie Mac was chartered by Congress in 1970 as a private company to likewise help ensure a reliable and affordable supply of mortgage funds throughout the country. Today it is a shareholder-owned company that operates under a congressional charter.
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.
What does Freddie Mac do? Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
Freddie Mac Corporate Headquarters and Office Locations Freddie Mac is headquartered in McLean, VA and has 10 offices located throughout the US.
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Fannie and Freddie failed in large part because they made bad business decisions and held insufficient capital.
The Securities and Exchange Commission files suit against Waste Management on March 26, 2002. They alleged that the company inflated profits by 1.7 billion dollars while making millions of dollars for the top executives and defrauding investors out of 6 billion dollars.
Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market. Learn more about our business and our role in the nation's housing market.
Fannie Mae and Freddie Mac are federally backed home mortgage companies created by the United States Congress. Neither institution originates or services its own mortgages. Instead, they buy and guarantee mortgages issued through lenders in the secondary mortgage market.
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.

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