![]() ![]() The company became one of the greatest securities issuers in the world.įreddie Mac Scam is different from any other scam These initiatives by the Government resulted in increased ownership in the country but it had repercussions too that overshadowed the benefits of such an arrangement. The board established through the company’s charter comprised of 18 directors out of which thirteen were elected by the shareholders whereas the rest of them were elected by the President of the country. The company was established with the aim to increase the home ownership and affordable rental housing. ![]() The company was incorporated in the year 1970 to enhance the secondary market for mortgages in the U.S. The Federal Home Loan Mortgage Corporation, also known as Freddie Mac is a company which is headquartered in Virginia and is a public government sponsored company. Steps Taken by the Company and the Government.Goals and Actual Outcomes of the Company.
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