Federal Home Loan Mortgage Corp
BRIEF: For the three months ended 31 March 2013, Federal Home Loan Mortgage Corp revenues decreased 10% to $19.09B. Net loss applicable to common stockholders increased 95% to $2.39B. Revenues reflect Total mortgage loans decrease of 17% to $16.51B, Investments in securities decrease of 27% to $2.16B. Higher net loss reflects Other expenses increase from $88M to $186M (expense), Professional Services increase of 54% to $109M (expense).
Common Stock $.00 Par, 03/11, 4B auth., 725,863,886 issd., less 76,177,692 shs. in Treas. @ $3.91B. Insiders & strategic holders own 0.04% . Stock issd. 10/88: Basis: 1sh. Pfd.for each sh. Partic. Preferred 5% - 6.72%, $3 - $12 Par, 62.15M auth., 62.15M issd. FY'00-'03 financials are restated.
Federal Home Loan Mortgage Corporation (Freddie Mac) conducts business in the United States residential mortgage market and the global securities market. The Company operates in three segments: Single-family Guarantee, Investments, and Multifamily. The Single-family Guarantee segment reflects results from the Company's single-family credit guarantee activities. The Investments segment reflects results from the Company's investment, funding and hedging activities. The Multifamily segment reflects results from the Company's investment (both purchases and sales), securitization, and guarantee activities in multifamily mortgage loans and securities. The Company conducts its operations in the United States and its territories.
