Freddie Mac 2006 Annual Report Download - page 9
Download and view the complete annual report
Please find page 9 of the 2006 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.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
 |
 |
Our guiding principle in this is that we support an independent regulatory structure
modeled on that for banks. Once legislation is enacted, it is likely to remain in place for a
very long time. Accordingly, we feel we have a responsibility to housing, our shareholders
and the country at large to make our views known.
That’s why I have explained publicly how the GSEs will become even more important in
the years to come. And that, in turn, is why I have asked decision-makers not to unduly
hamper the GSEs, just as the nation is about to need us most.
Conclusion
Looking at 2006 as a whole — from our growing guarantee volumes and earnings, to
our vital housing mission, to our internal and external progress — one overarching fact
emerges. While we did not accomplish everything we wanted to, Freddie Mac ended the
year in a stronger position than we began it.
Our challenge is to put enough years like that back to back and become a high
performer. All my experience makes me confident that this is what is happening at
Freddie Mac — and our trajectory is clear.
However, it is your confidence in this company that truly matters. For it is what allows
us to make home possible for America’s families; to exert responsible leadership; and
to lower costs for homeowners and renters alike. The congressional genius in designing
the GSEs was to accomplish a public mission not with federal expenditures, but using
private capital.
So thank you for your confidence in this franchise. It is what makes the GSE model work.
And our aim every day is to earn it. n
Sincerely,
Richard F. Syron
Chairman and Chief Executive Officer
Freddie Mac
2006
Annual Report