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Since 1970, Freddie Mac has continuously delivered on its mission of providing liquidity, stability and affordability to the nation. Our impact is clear: $10.9 trillion in single-family loan funding since 1970. $691.1 billion in total multifamily loan funding since 1993.
And we continue to lead the housing industry forward, building a better housing finance system for today and for tomorrow. Freddie Mac operates in the U.S. secondary mortgage market. That means we dont lend directly to borrowers but buy loans that meet our standards from approved lenders.
In December 2003 Freddie Mac, the federally chartered mortgage financing giant, agreed to pay a civil penalty of $125 million and implement measures to correct its accounting and governance problems as part of a consent order with a federal regulator.
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.
In its 2023 list, Freddie Mac was ranked among the top 100 companies for pay and culture. Compiled through an analysis of career histories, job postings and salary sources, the index studies the progress of workers in jobs that are open to those without a degree.
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Average Freddie Mac Developer yearly pay in the United States is approximately $95,804, which meets the national average.
3. Why did Fannie and Freddie require a taxpayer bailout? Fannie and Freddie failed in large part because they made bad business decisions and held insufficient capital.
In its 2023 list, Freddie Mac was ranked among the top 100 companies for pay and culture. Compiled through an analysis of career histories, job postings and salary sources, the index studies the progress of workers in jobs that are open to those without a degree.

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