FEDERAL HOME LOAN MORTGAGE CORPORATION (OTCMKTS:FMCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On March 15, 2017, Raphael W. Bostic notified Freddie Mac
(formally known as the Federal Home Loan Mortgage Corporation)
that he will resign from Freddie Macs Board of Directors,
effective May31, 2017, because he is assuming the role of
president and chief executive officer of the Federal Reserve Bank
of Atlanta. Mr.Bostic initially joined the Board of Directors in
January 2015 and was most recently re-elected on February13, 2017
by written consent of the Federal Housing Finance Agency, Freddie
Macs Conservator.
A copy of the press release issued by Freddie Mac on March 17,
2017 regarding Mr. Bostic is filed as Exhibit 99.1 to this Report
on Form8-K and
incorporated herein by reference.
Item9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
The following
exhibit is being filed as part of this Report on Form 8-K:
|
ExhibitNumber |
DescriptionofExhibit |
|
|
99.1 |
Press release, dated March 17, 2017, issued by Freddie Mac |
Freddie Mac Form
8-K
About FEDERAL HOME LOAN MORTGAGE CORPORATION (OTCMKTS:FMCC)
Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in the investment of mortgage loans and mortgage-related securities. The Company operates in three segments: Single-family Guarantee, Multifamily and Investments. Its Single-family Guarantee segment reflects results from the Company’s single-family credit guarantee activities. The Multifamily segment reflects results from its investment, securitization and guarantee activities in multifamily loans and securities. The Investments segment reflects results from managing its mortgage-related investments portfolio, its treasury function and interest rate risk. It purchases residential mortgages originated by mortgage lenders. It packages the mortgage loans into mortgage-related securities, which are guaranteed by the Company and are sold in the global capital markets. It does not originate mortgage loans or lend money directly to consumers. FEDERAL HOME LOAN MORTGAGE CORPORATION (OTCMKTS:FMCC) Recent Trading Information
FEDERAL HOME LOAN MORTGAGE CORPORATION (OTCMKTS:FMCC) closed its last trading session up +0.12 at 2.78 with shares trading hands.
