pratikkk

MP Guru
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac (OTCBB: FMCC), is a public government sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.[3][4]
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, "Freddie Mac", is an acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).
On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".[5][6][7]
Moody's gave Freddie Mac's preferred stock an investment grade rating of A1 until August 22, 2008 when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody's changed the credit rating on that day to Baa3, the lowest investment grade credit rating. Freddie's senior debt credit rating remains Aaa/AAA from each of the major ratings agencies Moody's, S&P, and Fitch.[8]
As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10 percent a year, and the total investment may subsequently rise to as much as US$100 billion.[9]
Home loan interest rates may go down as a result and owners of Freddie Mac debt and the Asian central banks who had increased their holdings in these bonds may be protected. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008 and dropped a further 50% on June 16, 2010 when the Federal Housing Finance Agency ordered the stocks delisted.[10] In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt.

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Flexible finance solutions that can help your employees to get into the home they want. Ultimately, this translates into a more permanent and productive workforce.
Employee mortgage benefit programs include information on home ownership with quick and easy home financing solutions.
The program should be flexible, cost-effective, turnkey loan employee benefit mortgage program that provides time and money-saving value to employees at zero cost and zero maintenance to companies.
Benefit employee mortgage programs are designed to help employers provide an employee benefit without adding cost to the benefits budget.
The benefit employee mortgage program should be designed in such a way to build employee goodwill and increase employee retention.
Benefit employee mortgage programs should be easy-to-implement, low in cost that can positively suit the finances of every employee in your company and provide a benefit that will have a lasting and long-term value.
The Employee benefits mortgage program is a customized end-to-end employee benefit program featuring home financing savings and advantages. Mortgage benefit programs are tailored to meet the needs of every Company.
Preferred interest rates: employees can save on closing costs or loan origination points.
Pre-qualification employees can find out how much financing they are eligible for before they even begin house hunting.
Mortgages can be approved in minutes.
On-time closing by employees.
The Employee benefit mortgage program is gateway to reward your employees loyalty and satisfaction which will directly result in increased productivity, profitability and employee retention.


U.S. Treasury Secretary Henry Paulson is meeting with employees of Fannie Mae and Freddie Mac to ward off a tide of defections after the government seized control of the beleaguered finance companies.

Paulson spoke in a town hall meeting at Freddie's McLean, Virginia, headquarters yesterday and will talk to Fannie workers in Washington today, Treasury spokeswoman Jennifer Zuccarelli said. Shares of the companies have declined more than 97 percent this year and are trading at less than $1.

``Maintaining and keeping that talent base is going to be a challenge for them,'' said Moshe Orenbuch, an analyst at Credit Suisse Group in New York. ``That's something they're going to be wrestling with much sooner rather than later in terms of retaining and attracting talent.''

After replacing the two chief executive officers of Fannie and Freddie, Paulson and the Federal Finance Housing Agency now are turning their attention to the 10,000 people left behind. FHFA, the regulator that assumed control of the companies, hired a consulting firm to work with the human resource teams on a new employee-retention program, FHFA Director James Lockhart said in an interview.

``Employee retention is very important,'' Lockhart said. ``We still need people to run the companies.''

Lockhart ousted Fannie CEO Daniel Mudd and inserted Herb Allison, former CEO of TIAA-CREF, and replaced Freddie's Richard Syron with David Moffett, an executive at the Carlyle Group. Paulson shared the stage with Moffett yesterday and will stand beside Allison today.

`Important Work'

At the meetings, Paulson ``wanted to let them know how important these companies are to our markets and to getting through the housing correction,'' Zuccarelli said. ``He also encouraged them to continue their important work.''

Government-chartered Fannie and Freddie own or guarantee almost half the $12 trillion of U.S. residential mortgages. Fannie dates back to 1938, when it was created as part of Franklin D. Roosevelt's New Deal. Freddie was formed in 1970 to compete with Fannie.

The Treasury and FHFA took control of Fannie and Freddie last weekend after a team of federal examiners found their capital reserves were too thin to weather the worst housing market since the Great Depression.

At Freddie Mac, our benefits rank among the best in the nation. We annually assess our benefits in a benchmarking study facilitated by a well-known national consulting firm to ensure that our benefit offerings remain competitive. Flexibility is a top feature of our benefit plans at Freddie Mac; employees can design a customized package of benefits for themselves and their families. We also provide credits (referred to as FlexDollars) as a way of offsetting the cost of benefits.


Your Life.
We understand and support the fact that our employees have busy lives outside of work. That's why we offer a benefits plan designed to keep our most important assets - our people - healthy, happy, and moving ahead.

Home Benefit Program for First Time Homebuyers
Domestic Partner Coverage
Flexible Spending Accounts
Wellness Center
Employee Assistance Programs
Educational Assistance Program
Fitness Center
Transportation Benefit
Adoption Expense Reimbursement
Your Health.
For most people, access to comprehensive, affordable health care is a top benefits priority.
That’s why Freddie Mac offers a choice of programs to fit your needs, and the needs of your family.

Medical Coverage
Dental Coverage
Vision Coverage
Long-term Care

Your Money.
Our benefits and services help employees achieve savings, protect their income and plan for retirement. At Freddie Mac, we are committed to offering programs to help employees reach these goals.

Thrift/401(k) Savings Plan
Pension Plan
Short-term and Long-Term Disability Plans
The Value of a Freddie Mac Career
Your Time.
At Freddie Mac, we understand the importance of time with your family and friends. That’s why we offer comprehensive policies that provide for paid & unpaid time-off programs.

Vacation Time
Discretionary Holidays
Sick Time
Bereavement Leave
Jury Duty Leave
Military Leave
Adoption Leave
Family and Medical Leave
Short-Term Disability Leave
 
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