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"

The arrival of spring brings not only warmer weather, but also spring cleaning and the undertaking of do-it-yourself (DIY) home improvement projects.

Much to the chagrin of home improvement stores, the DIY home improvement market has seen a 21% decline from 2005-2010 according to latest research from Mintel, and more than a quarter (28%) of DIYers say they would like to undertake a major renovation or addition to their home, but they just don’t have the funds.
Surprisingly, the percentage of high-income consumers who can’t afford renovations is even higher. Thirty-two percent of DIYers in households making between $75-99.9K say they lack the money to undertake a major home improvement project.

Meanwhile, 17% of those surveyed who have completed a DIY project in the last year say they lack the skills to tackle a major renovation and 12% say they don’t have the proper tools.

“When the housing market collapsed many consumers chose to make minor improvements to their homes instead of pursuing large, complicated renovation projects that would drain their wallets,” says Bill Patterson, senior analyst at Mintel.

“However, positive fourth-quarter sales suggest a thawing in consumer spending and the release of some pent-up demand.”

According to Mintel research, despite their monetary shortcomings, consumers have a positive view of home improvement projects.

In fact, 39% of DIYers say making a major home improvement is the best long-term investment they can make.

“We forecast growth to accelerate in 2011 and, presuming a stabilization of the housing market, to remain positive through 2015,” adds Bill Patterson.

“Pent-up demand, ongoing need for repair and maintenance, retro-fitting, and renovations from Boomers approaching retirement and demand from Millennials should all propel DIY spending.”

Furthermore, 61% of consumers say they’ve completed a DIY project in the last 12 months and the average respondent has undertaken a little over four projects


The scope of services offered by accounting firms is expanding rapidly. Advances in technology, coupled with changes in clients’ demands, are enabling and encouraging increasing numbers of accounting firms to offer a wide array of services in addition to traditional accounting, auditing, attest, bookkeeping, and tax services. In addition, the requirements to comply with the Sarbanes-Oxley financial reporting requirements has greatly increased the need for publicly-traded corporations to augment their accounting staffs. At the same time, recent financial scandals over back-dating of options at public firms and other problems has further cast scrutiny on proper accounting procedures. All of these have added impetus to the growth in accounting in the past few years. Traditionally, the Big Five accounting firms were Andersen Worldwide, PricewaterhouseCoopers, Ernst & Young, Deloitte & Touche, and KPMG. dominated the global market in 1998 with combined global revenue exceeding $58 billion, well over half the industry’s total revenue. In terms of revenue growth, the late 1990's were strong for the Big Five, attributable primarily to the boom in consulting services. Andersen Worldwide led the pack with net revenues of $13.9 billion, a 23 percent increase over 1997. On average, fees from management consulting services accounted for nearly half of all the revenue earned by the top eight accounting firms in fiscal year (FY) 1998, surpassing the revenue generated by accounting, auditing, attest, and tax services combined. The July 1998 merger of Price Waterhouse and Coopers & Lybrand to form Pricewaterhouse- Coopers created the largest accounting network in the world, whose FY 1998 net global revenue exceeded $15.3 billion.


Today, the Big Five have been reduced to the Big Four with the collapse of Andersen resulting from the Enron scandal. They include Price WaterhouseCoopers, Deloitee Touche Tohmatsu, Ernst & Young and KPMG. Two other players have significant revenues. BDO International and Grant Thornton International, each have almost $3 billion in annual billings and have 30,000 and 25,000 employees respectively.
 
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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"

The arrival of spring brings not only warmer weather, but also spring cleaning and the undertaking of do-it-yourself (DIY) home improvement projects.

Much to the chagrin of home improvement stores, the DIY home improvement market has seen a 21% decline from 2005-2010 according to latest research from Mintel, and more than a quarter (28%) of DIYers say they would like to undertake a major renovation or addition to their home, but they just don’t have the funds.
Surprisingly, the percentage of high-income consumers who can’t afford renovations is even higher. Thirty-two percent of DIYers in households making between $75-99.9K say they lack the money to undertake a major home improvement project.

Meanwhile, 17% of those surveyed who have completed a DIY project in the last year say they lack the skills to tackle a major renovation and 12% say they don’t have the proper tools.

“When the housing market collapsed many consumers chose to make minor improvements to their homes instead of pursuing large, complicated renovation projects that would drain their wallets,” says Bill Patterson, senior analyst at Mintel.

“However, positive fourth-quarter sales suggest a thawing in consumer spending and the release of some pent-up demand.”

According to Mintel research, despite their monetary shortcomings, consumers have a positive view of home improvement projects.

In fact, 39% of DIYers say making a major home improvement is the best long-term investment they can make.

“We forecast growth to accelerate in 2011 and, presuming a stabilization of the housing market, to remain positive through 2015,” adds Bill Patterson.

“Pent-up demand, ongoing need for repair and maintenance, retro-fitting, and renovations from Boomers approaching retirement and demand from Millennials should all propel DIY spending.”

Furthermore, 61% of consumers say they’ve completed a DIY project in the last 12 months and the average respondent has undertaken a little over four projects


The scope of services offered by accounting firms is expanding rapidly. Advances in technology, coupled with changes in clients’ demands, are enabling and encouraging increasing numbers of accounting firms to offer a wide array of services in addition to traditional accounting, auditing, attest, bookkeeping, and tax services. In addition, the requirements to comply with the Sarbanes-Oxley financial reporting requirements has greatly increased the need for publicly-traded corporations to augment their accounting staffs. At the same time, recent financial scandals over back-dating of options at public firms and other problems has further cast scrutiny on proper accounting procedures. All of these have added impetus to the growth in accounting in the past few years. Traditionally, the Big Five accounting firms were Andersen Worldwide, PricewaterhouseCoopers, Ernst & Young, Deloitte & Touche, and KPMG. dominated the global market in 1998 with combined global revenue exceeding $58 billion, well over half the industry’s total revenue. In terms of revenue growth, the late 1990's were strong for the Big Five, attributable primarily to the boom in consulting services. Andersen Worldwide led the pack with net revenues of $13.9 billion, a 23 percent increase over 1997. On average, fees from management consulting services accounted for nearly half of all the revenue earned by the top eight accounting firms in fiscal year (FY) 1998, surpassing the revenue generated by accounting, auditing, attest, and tax services combined. The July 1998 merger of Price Waterhouse and Coopers & Lybrand to form Pricewaterhouse- Coopers created the largest accounting network in the world, whose FY 1998 net global revenue exceeded $15.3 billion.


Today, the Big Five have been reduced to the Big Four with the collapse of Andersen resulting from the Enron scandal. They include Price WaterhouseCoopers, Deloitee Touche Tohmatsu, Ernst & Young and KPMG. Two other players have significant revenues. BDO International and Grant Thornton International, each have almost $3 billion in annual billings and have 30,000 and 25,000 employees respectively.

Hey netra, many many thanks for sharing such an important marketing research report on Federal Home Loan Mortgage Corporation which would be beneficial for many people. Well, i also did some searches and got some useful information on Federal Home Loan Mortgage Corporation and going to share it with you.
 

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