Freddie Mac 2005 Annual Report Download - page 12

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Please find page 12 of the 2005 Freddie Mac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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A transformation is underway at Freddie Mac.
We’re rebuilding ourselves from the inside out. Strengthening our
infrastructure and controls. Designing financial products that meet
customer and market needs. Deploying innovative technologies.
Developing new strategies and initiatives.
Our goal? To make Freddie Mac a top financial services firm of enduring strength, increased
transparency and the highest integrity. A company that leads the industry, delivers first-class
financial reporting, provides new levels of customer service and makes both single-family
and rental housing more accessible and more affordable for more Americans.
That means optimizing our capital structure and further improving our mortgage security
performance. It means revamping our systems, processes and financing tools to better
match the market. And it means enhancing our capability to structure and trade credit risk,
for both single-family and multifamily loans.
In other words, taking a strong franchise and making it better.
That’s our challenge. And while our transformation is not nearly complete, we’re making
solid progress. Including the essential next step: upgrading Freddie Mac’s financial
reporting systems and strengthening our internal controls environment, so we can meet all
Transformation
CONTINUING