Freddie Mac is an American public government-sponsored enterprise specializing in credit services and diversified investments. Founded as the Federal Home Loan Mortgage Corporation in 1970 to stabilize the United States’ residential mortgage market, Freddie Mac has been operating under a conservatorship since 2008, and conducts all business under the guidance of the Federal Housing Finance Agency. Freddie Mac currently has 4982 employees and is headquartered in Virginia, U.S.