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F

Working at Freddie Mac

Zippia Score 4.5

Overview

JobsSalaryRevenueLocationsReviewsHistoryDemographicsCEO & ExecutivesFAQsPart Time JobsInternships

Freddie Mac Overview

Industry
Financial Services
Revenue
$75.1B
Headquarters
McLean, VA
Employees
6,892
Founded In
1970
Website
Organization Type
Public
CEO
Michael J. Devito
Social Media

Freddie Mac is a finance company focusing on mortgage loans, securitization, and investment. The firm, officially known as the Federal Home Loan Mortgage Corporation, operates as a publicly traded, government-sponsored enterprise with its headquarters in Tysons Corner, Virginia. Founded in 1970, Freddie Mac plays a crucial role in the United States housing market by providing liquidity, stability, and affordability to the mortgage industry.

The company is led by CEO Michael J. Devito and employs a diverse workforce of 6,892 individuals. With an annual revenue of $75.1 billion, Freddie Mac ranks among the largest finance companies in the nation. Notably, the staff at Freddie Mac displays a high proportion of 81% Democratic Party members. The average employee at the company earns a competitive salary of $87,769 per year, reflecting its commitment to attracting and retaining top talent in the field.

Freddie Mac's Mission Statement

We serve america's homebuyers, homeowners and renters by providing liquidity, stability and affordability to the housing market.

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4.5/5

Freddie Mac employee reviews

Based on 4 ratings

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Job openings at Freddie Mac
261 Positions
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Freddie Mac employee reviews

Freddie Mac employee reviews
4.5/5

Based On 4 Ratings

Work At Freddie Mac? Share your experience.
Employee Reviews
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5.0
A zippia user wrote a review on May 2021
Pros of working at Freddie Mac

Interesting, mission-oriented work. Challenging and rewarding. Get to collaborate with bright, great professionals. Fairly good work-life balance.

Cons of working at Freddie Mac

Though it's not a huge company, it's still large enough that it sometimes feels hard to "make one's mark" unless one is really skilled at internal marketing.

Freddie Mac Benefits

During COVID, we've operated fully remotely and with a reasonable amount of flexibility. We are treated as professionals who will get their jobs done well, managing their time as needed to make up for the occasional personal or life issues that come up. That trust needs to be earned and maintained, of course, but it's nice that the company strives to create a supportive environment in that sense.

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4.0
A zippia user wrote a review on Apr 2020
Pros of working at Freddie Mac

The People

Cons of working at Freddie Mac

Culture indicates work life balance but in IT not the case

Freddie Mac Benefits

Wellness Center

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A reddit user wrote a review on Nov 2010
Which fag came up with the name "Freddie Mac" for a bank? Bonus question: The same for Fannie May

I am supper clueless on the origins. At work, we just refer to the company as "freddie".

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A reddit user wrote a review on Nov 2010
What do you do there and how much do you make?

I work in risk mitigation organization and my pay range is between $67,000 and $74,000.

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The team at Freddie Mac

  • The founders of Freddie Mac is Alberto G. Musalem.
  • The key people at Freddie Mac are Michael J. Devito and Alberto G. Musalem.
Key People
M
Michael J. Devito
A
Alberto G. Musalem

Freddie Mac Rankings

Freddie Mac is ranked #80 on the Best Companies to Work For in Virginia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Freddie Mac salaries

9.5
Salary Score
Average Freddie Mac Salary
$87,769
yearly
$42.20 hourly
Updated March 14, 2024

And if you're looking for a job, here are the top jobs Freddie Mac is hiring right now:

  1. Senior Software Engineer
  2. Finance Controller
  3. Director
  4. Devops Engineer
  5. Business Analysis Manager

Rate the fairness of Freddie Mac's compensation policies.

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Freddie Mac diversity

9.8
Diversity Score
We calculated Freddie Mac’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Freddie Mac’s workforce.
Freddie Mac diversity summary. Zippia estimates Freddie Mac's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Freddie Mac's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Freddie Mac's workforce.
  • Freddie Mac has 6,892 employees.
  • 43% of Freddie Mac employees are women, while 57% are men.
  • The most common ethnicity at Freddie Mac is White (48%).
  • 20% of Freddie Mac employees are Asian.
  • 15% of Freddie Mac employees are Black or African American.
  • The average employee at Freddie Mac makes $87,769 per year.
  • Freddie Mac employees are most likely to be members of the democratic party.
  • Employees at Freddie Mac stay with the company for 5.0 years on average.
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Freddie Mac Office Locations

Freddie Mac is headquartered in McLean, VA

Biggest Freddie Mac Locations

Rank
ascdesc
City
ascdesc
Job Count
ascdesc
Avg. Salary
ascdesc
1McLean, VA101$91,561
2Dallas, TX11$82,400
3New York, NY5$100,266
4Chicago, IL4$84,089
5Arlington, VA4$91,612

Freddie Mac Financial Performance

9.2
Performance Score

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Freddie Mac FAQs

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Updated March 14, 2024

Zippia gives an in-depth look into the details of Freddie Mac, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Freddie Mac. The employee data is based on information from people who have self-reported their past or current employments at Freddie Mac. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Freddie Mac. The data presented on this page does not represent the view of Freddie Mac and its employees or that of Zippia.

Freddie Mac may also be known as or be related to Federal Home Loan Mortgage, Federal Home Loan Mortgage Corp, Federal Home Loan Mortgage Corporation, Freddie Mac and The Federal Home Loan Mortgage Corporation.