Federal Home Loan Mortgage, based in McLean, Virginia, employs 8,004 staff and provides housing finance solutions by purchasing and securitizing residential mortgage loans. Its segments include Single-Family and Multifamily, focusing on liquidity, credit risk, and market support.
FMCC has been in the news recently: Genworth Financial, Inc. reported a net income of $85 million for Q3 2024, largely due to the strong performance of its Enact subsidiary and the CareScout initiative. Additionally, Schwab Asset Management is set to launch the Schwab Mortgage-Backed Securities ETF, which will feature a low expense ratio of 0.03% and is expected to begin trading around November 19.
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