Freddie Mac / FRE

About Freddie Mac

8200 Jones Branch Dr., McLean, Va. 22102
www.freddiemac.com | 703-903-2000 | Founded: 1970

Industry: Financial Services | Category: Public Companies

When mortgages started going bad, Freddie Mac and big sister Fannie Mae veered toward collapse. The government took over both last year, putting longtime banker David Moffett in as chief executive. But then in March, during arguments with Freddie Mac's regulator, Moffett left and was replaced by John Koskinen, a former company chairman and D.C. and Clinton administration official. Freddie Mac lost more than $50 billion in 2008.

Interim CEO: John Koskinen

2008 Financial Data

Revenues: $12,302,000,000 | Net Income: $-50,100,000,000
Assets: $850,963,000,000 | Earnings Per Share: $-34.60
Stockholder Equity: $-30,731,000,000 | Annual Dividend: $0.00
Total employees: 5,011 | Local employees: 4,625