Freddie Mac is an American public government-sponsored enterprise specializing in credit services and diversified investments. Founded as the Federal Home Loan Mortgage Corporation in 1970 to stabilize the United States��� residential mortgage market, Freddie Mac has been operating under a conservatorship since 2008, and conducts all business under the guidance of the Federal Housing Finance Agency. Freddie Mac currently has 4982 employees and is headquartered in Virginia, U.S.