Federal Home Loan Mortgage Corporation (Freddie Mac) is financial services company, provides purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities. The company purchases residential mortgages and other mortgage-related securities from lenders in the primary mortgage market and after pooling those securities, sells them in the secondary market. Freddie Mac finances purchases of its mortgage-related securities and mortgage loans, and manages its interest-rate and other market risks by issuing a variety of debt instruments and entering into derivative contracts in the capital markets. Freddie Mac operates its business through its network offices across the US. The company is headquartered in Virginia, the US.