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Database Administrator, Technical Lead at Freddie Mac in Dhs, VA

Freddie Mac
Dhs, VA 20598
More than 4w ago
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compensation:

$100K — $150K *

specialty:

Data Science & Machine Learning

experience:

8 - 10 years

Job Description

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Valid through: 12/14/2020

About Freddie Mac

The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a public government-sponsored enterprise, headquartered in Tysons Corner, Virginia. Freddie Mac is ranked No. 41 on the 2020 Fortune 500 list of the largest United States corporations by total revenue, and has $2.063 trillion assets under management. ,The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with the Federal National Mortgage Association, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name "Freddie Mac" is a variant of the initialism of the company's full name that was adopted officially for ease of identification. ,On September 7, 2008, Federal Housing Finance Agency director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA. The action has been described as "one of the most sweeping government interventions in private financial markets in decades". ,Moody's gave Freddie Mac's preferred stock an investment grade credit rating of A1 until August 22, 2008, when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody's changed the rating on that day to Baa3, the lowest investment-grade rating. Freddie's senior debt credit rating remains Aaa/AAA from each of the major rating agencies: Moody's, S&P, and Fitch. ,As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008, and dropped a further 50% on June 16, 2010, when the Federal Housing Finance Agency ordered the stocks delisted. In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt. The housing market and economy eventually recovered, making Freddie Mac profitable once again. ,
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Total Jobs:
127
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Total Experts:
40
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Average Pay:
$136,460
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Total value of jobs:
$36,435,000
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% Masters:
47%
Learn More About Freddie Mac view all icon
* Ladders Estimates

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