Highest-materiality recent filing
Freddie Mac commences cash tender offer for up to $1.7B in STACR notes
Tender offer covers any and all of seven STACR note classes from trusts issued 2020-2023.
Freddie Mac Q1 2026 net income $3.6B, up 27% YoY; net revenues $6.1B, up 5%
Net income $3.6B vs $2.8B in Q1 2025; benefit for credit losses $0.3B vs provision $0.3B a year ago.
Freddie Mac Q4 net income $2.8B, down 14% YoY; full-year net $10.7B, down 10%
Net income $2.8B for Q4 2025, down 14% YoY; full-year net income $10.7B, down 10% YoY.
Freddie Mac directors re-elected by FHFA Conservator via written consent
Conservator executed written consent re-electing 10 directors effective Feb 3, 2026.
Freddie Mac CFO Whitlinger compensation restructuring: base $600k, deferred salary $2.45M
FHFA as Conservator approved changes to CFO James Whitlinger's compensation on Feb 5, 2026.
Freddie Mac appoints Kenny M. Smith as CEO, effective Dec 17, 2025
Kenny M. Smith named CEO; joins Board of Directors effective Dec 17, 2025.
Net income of $2.8B, down 11% YoY; net revenues $5.7B, down 2%.
Freddie Mac launches cash tender offer for $1.57B of STACR credit-risk notes
Offer covers any and all of 11 classes of STACR notes from 2017-HRP1 through 2022-HQA3 trusts.
Freddie Mac director Brandon Hamara resigns effective Oct 6, 2025
Brandon Hamara resigned from Freddie Mac's Board of Directors on October 6, 2025.
Michael T. Hutchins notified Freddie Mac on September 19, 2025 of his agreement to extend his dual role as President and Interim CEO.
Freddie Mac amends bylaws to clarify FHFA conservatorship authority and add Vice Chair role
Amended and restated bylaws effective August 12, 2025.
Freddie Mac Q2 net income $2.4B, down 14% YoY; credit loss provision rises to $0.8B
Net income $2.4B, down 14% YoY; net revenues $5.9B, down 1% YoY.
Freddie Mac EVP & General Counsel Heidi L. Mason to retire Sept 1, 2025
Heidi L. Mason notified Freddie Mac of her retirement as EVP and General Counsel, effective September 1, 2025.
Freddie Mac extends Interim CEO Michael T. Hutchins through September 20, 2025
Michael T. Hutchins agreed to extend his roles as President and Interim CEO through earlier of permanent CEO appointment or September 20, 2025.
Freddie Mac adjusts deferred compensation for President/Interim CEO Hutchins
Base salary unchanged at $600,000; fixed deferred salary increased to $3.25M (Apr 2025) and $4.3M (Apr 2026).
Freddie Mac Q1 net income $2.8B, up 1% YoY; multifamily net income falls 35%
Net income of $2.8B, up 1% YoY; net revenues of $5.9B, up 2% YoY.
Freddie Mac launches cash tender offer for up to 28 classes of STACR notes
Tender offer covers 28 classes of STACR notes across multiple vintages (2016-2022).
Freddie Mac appoints David S. Farbman as Vice-Chair of the Board and sets committee chairs
David S. Farbman appointed Vice-Chair of the Board effective April 9, 2025.
Freddie Mac director Grace Huebscher resigns; FHFA appoints Michael Parrott to board
Grace Huebscher resigned from Freddie Mac's Board on March 24, 2025; she was Risk Committee Chair.
CEO Diana Reid removed; President Michael Hutchins appointed interim CEO
FHFA, as conservator, removed CEO Diana Reid effective March 20, 2025; she also left the board.
Freddie Mac director Herbert resigns; FHFA appoints Farbman to board
Christopher E. Herbert resigned from Freddie Mac board effective March 19, 2025; he chaired Mission and Housing Sustainability Committee.
FHFA appoints four new directors to Freddie Mac board; removes six incumbents
FHFA named Brandon Hamara, Clinton Jones, Ralph 'Cody' Kittle, and William J. Pulte to Freddie Mac board, effective March 17, 2025.
Freddie Mac Q4 net income $3.2B, up 11% YoY; full-year net income $11.9B
Q4 net income $3.2B (11% YoY increase); full-year net income $11.9B (13% YoY increase).
FHFA revised 2025 Scorecard criterion from 'prioritize DEI' to 'maintains compliance with all applicable laws and regulations' for Freddie Mac.
Freddie Mac launches fixed-price cash tender offer for $1.6B in STACR notes
Offer covers any and all of 10 STACR note classes from 2019-2022 trusts.
FHFA Conservator re-elects Freddie Mac directors; Grier not eligible due to age limit
FHFA Conservator executed written consent on Jan 14, 2025 to re-elect eligible directors.
Removes provision requiring Treasury consent only under certain conditions; now requires Treasury consent for any exit other than mandatory receivership.
Freddie Mac appoints James Whitlinger as EVP & CFO effective Jan 1, 2025
James Whitlinger, interim CFO since June 2024, named permanent CFO; succeeds Christian Lown.
Jane E. Prokop, Mastercard EVP, joins Freddie Mac Board effective Jan 2, 2025
Prokop appointed to Freddie Mac Board, serving on Operations & Technology and Risk Committees.
FHFA releases 2025 Scorecard setting Freddie Mac performance targets and executive comp metrics
Two 50% categories: promote affordable housing and operate safely; compensation for named executives (excl. CEO) is tied to Scorecard results.
Freddie Mac Q3 2024 net income $3.1B, up 16% YoY; new business activity $98B
Net income $3.1B vs $2.7B in Q3 2023; net revenues $5.8B, up 3% YoY.
Freddie Mac launches cash tender offer for any and all of certain STACR notes
Tender offer covers 27 series of STACR notes with original principal amounts totaling ~$1.2B.
Freddie Mac appoints Diana Reid as CEO effective September 10, 2024
Diana Reid named CEO, effective immediately; she also joins the Board of Directors.
Freddie Mac launches cash tender offer for any and all of 12 STACR note series
Offer covers STACR notes with original principal amounts ranging from $20M to $447M; total ~$1.03B.
Freddie Mac reports Q2 2024 net income of $2.8B, down 6% YoY
Net income $2.8B, down 6% YoY; net revenues $6.0B, up 12% YoY.
Freddie Mac appoints James Whitlinger as Interim CFO effective June 29, 2024
James Whitlinger, SVP Single-Family CFO since 2014, named Interim CFO effective June 29, 2024; no change in compensation.
Freddie Mac CFO Christian Lown to step down effective June 28, 2024
CFO Christian Lown notified of intention to step down; effective June 28, 2024.
Freddie Mac launches $2B tender offer for STACR notes
Tender offer covers any and all of 14 STACR note series with ~$2.02B original principal.
Freddie Mac Q1 2024 net income $2.8B, up 39% YoY; net revenue $5.8B, up 19% YoY
Net income of $2.8B, up 39% YoY; net revenues $5.8B, up 19% YoY; net interest income $4.8B (+6%).
Effective April 9, 2025, the Board of Directors of Freddie Mac (formally, the Federal Home Loan Mortgage Corporation) announced that David S. Farbman has been appointed as Vice-Chair of the Board.
On March 28, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed Michael Parrott to the Freddie Mac Board, effective as of March 28, 2025.
On March 24, 2025, Grace A. Huebscher notified us of her resignation from the Federal Home Loan Mortgage Corporation (Freddie Mac) Board of Directors, effective as of that date.
The Company also announced the departure of Chief Executive Officer, Diana Reid. Ms. Reid will no longer serve as a member of the Company’s Board of Directors (the 'Board'), effective as of March 20, 2025.
On March 20, 2025, U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as conservator, appointed Freddie Mac (formally the Federal Home Loan Mortgage Corporation) (the ‘Company’) President Michael T. Hutchins to the dual role of President and Interim Chief Executive Officer, effective as of March 20, 2025.
Mr. Hutchins also became a member of the Company’s Board of Directors on that date.
Ms. Reid will no longer serve as a member of the Company’s Board of Directors (the 'Board'), effective as of March 20, 2025.
On March 19, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed David Farbman to the Freddie Mac Board, effective as of March 19, 2025.
On March 19, 2025, Christopher E. Herbert notified us of his resignation from the Federal Home Loan Mortgage Corporation (Freddie Mac) Board of Directors, effective as of that date.
On March 17, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed Brandon Hamara, Clinton Jones, Ralph “Cody” Kittle, and William J. Pulte to the Freddie Mac Board, effective as of March 17, 2025.
On March 17, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed Brandon Hamara, Clinton Jones, Ralph “Cody” Kittle, and William J. Pulte to the Freddie Mac Board, effective as of March 17, 2025.
On March 17, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed Brandon Hamara, Clinton Jones, Ralph “Cody” Kittle, and William J. Pulte to the Freddie Mac Board, effective as of March 17, 2025.
Max materiality 0.90 · Median 0.55 · Most common event leadership