Freddie Mac 2009 Annual Report Download - page 19

activities in the residential mortgage securitization business or severely curtailed these activities relative to their previous
levels. We compete on the basis of price, products, structure and service.
The conservatorship, including direction provided to us by our Conservator, and the restrictions on our activities under
the Purchase Agreement may affect our ability to compete in the business of retaining and securitizing mortgages. Ginnie
Mae, which became a more significant competitor during 2008, guarantees the timely payment of principal and interest on
mortgage-related securities backed by federally insured or guaranteed loans, primarily those insured by FHA or guaranteed
by VA. Ginnie Mae’s growth has been primarily due to competitive pricing of Ginnie Mae securities, which are backed by
the full faith and credit of the U.S. government, the increase in the FHA loan limit and the availability, through FHA, of a
mortgage product for borrowers seeking greater than 80% financing who could not otherwise qualify for conventional
mortgages.
Employees
At February 11, 2010, we had 5,323 full-time and 85 part-time employees. Our principal offices are located in McLean,
Virginia.
Available Information
SEC Reports
We file reports, proxy statements and other information with the SEC. We make available free of charge through our
website at www.freddiemac.com our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K and all other SEC reports and amendments to those reports as soon as reasonably practicable after we
electronically file the material with, or furnish it to, the SEC. (We do not intend this internet address to be an active link and
are not using references to this internet address here or elsewhere in this annual report on Form 10-K to incorporate
additional information into this annual report on Form 10-K.) In addition, our Forms 10-K, 10-Q and 8-K, and other
information filed with the SEC, are available for review and copying free of charge at the SEC’s Public Reference Room at
100 F Street, N.E., Room 1580, Washington, D.C. 20549. The public may obtain information on the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site (www.sec.gov) that
contains reports, proxy and information statements, and other information regarding companies that file electronically with
the SEC. Our corporate governance guidelines, codes of conduct for employees and members of the Board of Directors (and
any amendments or waivers that would be required to be disclosed) and the charters of the Audit, Business and Risk,
Compensation, Executive and Nominating and Governance committees of the Board of Directors are also available on our
website at www.freddiemac.com.
During the conservatorship, we do not expect to prepare or provide proxy statements for the solicitation of proxies from
stockholders. Accordingly, rather than incorporating information that is required by Form 10-K by reference to such a proxy
statement, we will provide such information by filing an amendment to our Form 10-K on or before April 30, 2010.
Information about Certain Securities Issuances by Freddie Mac
Pursuant to SEC regulations, public companies are required to disclose certain information when they incur a material
direct financial obligation or become directly or contingently liable for a material obligation under an off-balance sheet
arrangement. The disclosure must be made in a current report on Form 8-K under Item 2.03 or, if the obligation is incurred
in connection with certain types of securities offerings, in prospectuses for that offering that are filed with the SEC.
Freddie Mac’s securities offerings are exempted from SEC registration requirements. As a result, we are not required to
and do not file registration statements or prospectuses with the SEC with respect to our securities offerings. To comply with
the disclosure requirements of Form 8-K relating to the incurrence of material financial obligations, we report our incurrence
of these types of obligations either in offering circulars (or supplements thereto) that we post on our website or in a current
report on Form 8-K, in accordance with a “no-action” letter we received from the SEC staff. In cases where the information
is disclosed in an offering circular posted on our website, the document will be posted on our website within the same time
period that a prospectus for a non-exempt securities offering would be required to be filed with the SEC.
The website address for disclosure about our debt securities is www.freddiemac.com/debt. From this address, investors
can access the offering circular and related supplements for debt securities offerings under Freddie Mac’s global debt facility,
including pricing supplements for individual issuances of debt securities.
Disclosure about our off-balance sheet obligations pursuant to some of the mortgage-related securities we issue can be
found at www.freddiemac.com/mbs. From this address, investors can access information and documents about our mortgage-
related securities, including offering circulars and related offering circular supplements.
We are providing our website addresses and the website address of the SEC solely for your information. Information
appearing on our website or on the SEC’s website is not incorporated into this annual report on Form 10-K.
16 Freddie Mac