Freddie Mac 2004 Annual Report Download - page 8
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6
Freddie Mac’s mission is to provide liquidity, stability and affordability to the housing
market — all while maintaining the company’s safety and soundness. We ensure a
steady supply of low-cost funds to mortgage lenders by continuously securitizing home
mortgages and providing a competitive investment bid. We use our retained portfolio,
our debt issuance and securitization capabilities to tap the power of the global markets
to finance housing in America.
Today, we’re exploring new approaches to meet the challenges of our mission, such as
increased mortgage funding for minority and immigrant households, and creative new
investment options designed to meet investors’ changing needs. Doing so means we
have to challenge ourselves constantly to innovate and create new ways to satisfy our
mission objectives while also achieving our financial return objectives. It’s not an either/or
proposition. Rather, it’s a holistic approach to capital market and investment activities —
and one that serves both our mission and
our investors.
Prudently deploying capital while manag-
ing risk to provide low-cost mortgage
funding — that’s a mission we’re proud to
serve every day.
EXECUTIVE VICE PRESIDENT — INVESTMENTS
Patricia L. Cook