Freddie Mac 2011 Annual Report Download - page 48

Risk — Mortgage Credit Risk — Single-Family Loan Workouts and the MHA Program — Home Affordable Modification
Program.” A number of other aspects of the plan could affect Freddie Mac, including those discussed below.
The plan calls for Congress to pass legislation to establish a broad based mortgage refinancing plan. The broad based
refinancing plan includes provisions to further streamline the refinancing process for borrowers with loans guaranteed by
Freddie Mac and Fannie Mae. It would also provide underwater borrowers who participate in HARP with the choice of
taking the benefit of the reduced interest rate in the form of lower monthly payments, or applying that savings to
rebuilding equity in their homes. The plan would require us to change certain existing processes and could increase our
costs. To date, no legislation has been introduced in Congress with respect to this plan.
The plan states that the mortgage servicing system would benefit from a single set of strong federal standards, and
indicates that the Administration will work closely with regulators, Congress and stakeholders to create a more robust and
comprehensive set of rules related to mortgage servicing. These rules would include standards for assisting at-risk
homeowners.
Employees
At February 27, 2012, we had 4,859 full-time and 62 part-time employees. Our principal offices are located in
McLean, Virginia.
Available Information
SEC Reports
We file reports and other information with the SEC. In view of the Conservator’s succession to all of the voting
power of our stockholders, we have not prepared or provided proxy statements for the solicitation of proxies from
stockholders since we entered into conservatorship, and do not expect to do so while we remain in conservatorship. 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. In addition, materials that
we filed with the SEC are available for review and copying at the SEC’s Public Reference Room at 100 F Street, N.E.,
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.
We are providing our website addresses and the website address of the SEC here or elsewhere in this annual report
on Form 10-K 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.
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 the mortgage-related securities we issue, some of which are off-balance sheet obligations, 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.
43 Freddie Mac