Full-Time
Full Stack Software Engineer Technical Lead
CI/CD Platform
Freddie Mac
5,001-10,000 employees
Buys, pools, and securitizes mortgages.
Compensation Overview
$149k - $223k/yr
McLean, VA, USA
In Person
Bachelor's
 Software Engineering (1) |
|---|
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- 8-10 years of hands-on experience in application solution architecture applied to enterprise systems.
- At least 8 years of hands-on experience with Java, Angular, and Spring Boot.
- Strong Python development skills or equivalent, including building command-line interfaces, automation scripts, and service backends such as FastAPI; packaging and dependency management with pip or Poetry; virtual environments; pytest, coverage, and mocking; and AWS SDKs including boto3 with S3, DynamoDB, and RDS.
- At least 3 years of backend service development, including RESTful application programming interface design and implementation.
- Experience with continuous integration and continuous delivery platforms and related technologies.
- Exposure to AWS services including EC2, S3, EKS, Lambda, and API Gateway.
- Advanced knowledge of AWS cloud infrastructure design and resiliency patterns, including multi-availability-zone deployments, auto-scaling, service quotas, and failure domains.
- Hands-on experience with continuous integration and continuous delivery using Jenkins, containerization with Docker, and Kubernetes operators or controllers.
- Hands-on experience with application programming interfaces, microservices, event streaming, logging and monitoring, databases including SQL and NoSQL, containers, serverless frameworks, and DevOps.
- A bachelor's degree in computer science or equivalent experience is required.
- Strong hands-on technical skills with modern technologies.
- Strong verbal and written communication skills.
- Strong partnership and collaboration skills.
- Strong leadership skills.
- Design and develop the PDM Portal user interface and services.
- Develop advanced cloud infrastructure patterns using Terraform, Helm charts, and/or CloudFormation as required.
- Ensure solution architecture aligns with business objectives, roadmaps, strategic solutions, and Freddie Mac architecture principles and standards.
- Define and compare solutions to determine the optimal solutions for business needs.
- Design reference application architectures such as microservices, event-driven, and serverless architectures, and create architecture decision records to document trade-offs and standards for platform consumers.
- Build tooling and services, including command-line interfaces, automation scripts, service scaffolds, and lightweight application programming interfaces, to simplify infrastructure consumption and bootstrap application teams.
- Develop templates for cloud infrastructure that application teams can consume, reducing the depth of infrastructure-as-code expertise required for safe automation.
- Define and champion designs for platform components and reference applications to ensure consistency, resiliency, and testability.
- Establish guardrails and golden paths for observability, secrets management, configuration, and deployment across multiple services.
- Test designed components for production usage at scale, including functional, performance, resiliency, and security testing.
- Ensure delivered capabilities align with business objectives and measure adoption and developer experience outcomes.
- Partner with internal collaborators and develop stakeholder relationships across architecture, security, networking, platform, and application teams.
- Advanced studies or degree are preferred.
Freddie Mac is a government-sponsored enterprise that supports the U.S. housing market by providing liquidity to lenders, buying mortgages, pooling them, and selling mortgage-backed securities to investors. It earns revenue from guarantee fees and interest on retained assets, which lets lenders issue more loans for both single-family homes and multifamily properties. Its mission focuses on keeping the mortgage market stable and affordable, aided by its scale and the guaranteed securities it provides, which private lenders rely on. The goal is to promote homeownership and rental affordability by ensuring a steady flow of money to lenders and by stabilizing accessed housing finance markets, while offering tools like loan-ownership lookups and educational resources for consumers and professionals.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
McLean, Virginia
Founded
1970
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Simplify's Take
What believers are saying
- Q2 2026 net income jumped 61% to $3.8 billion, boosting net worth to $78 billion.
- Freddie Mac provided $128 billion liquidity in Q2 2026, including 97,000 first-time homebuyers.
- FHFA directed crypto asset treatment proposals in August 2026, expanding potential mortgage qualification sources.
What critics are saying
- FHFA conservatorship persists after 17 years, freezing exits, governance, and capital policy.
- The D.C. Circuit upheld an $812 million shareholder verdict on July 24, 2026.
- Treasury’s $150.4 billion liquidation preference on September 30, 2026 keeps release economics ugly.
What makes Freddie Mac unique
- Freddie Mac still anchors U.S. mortgage liquidity through $3.7 trillion portfolio plumbing.
- Its multifamily and single-family securitization franchise remains embedded in lender workflows nationwide.
- FHFA conservatorship gives Freddie Mac privileged market access competitors cannot replicate.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Professional Development Budget
Conference Attendance Budget
401(k) Retirement Plan
Company News
Freddie Mac reported second-quarter net income of $3.8 billion, up 61% year-over-year, driven by higher net interest income, lower expenses, and a credit reserve release. The government-sponsored enterprise ended the quarter with net worth of nearly $78 billion and a total mortgage portfolio of $3.7 trillion. The company provided approximately $128 billion of liquidity to the US housing market during the quarter, helping nearly 439,000 families buy, refinance, or rent homes. Chief Financial Officer Jim Whitlinger noted that 52% of homebuyers purchasing a primary residence were first-time buyers. Net revenues rose 1% to $6 billion. Net interest income increased $711 million, or 13%, reflecting continued mortgage portfolio growth. The company recorded an $880 million benefit for credit losses, compared with a $783 million provision in the prior-year quarter.
Freddie Mac posts $3.8 billion Q2 profit as net worth climbs to $78 billion. Freddie Mac's second-quarter net income climbed 61% from a year earlier to $3.8 billion, lifting the mortgage giant's net worth to $78 billion as it keeps building capital toward eventual release from federal conservatorship. Freddie Mac reported second-quarter 2026 net income of $3.8 billion, up 61% from $2.4 billion a year earlier and up 8% from the first quarter's $3.6 billion, according to an earnings exhibit the company filed with the Securities and Exchange Commission on July 30. Net revenues totaled $6.0 billion, up 1% year over year, while net worth climbed to $78 billion from $73.9 billion at the end of the first quarter. "Freddie Mac delivered strong second quarter financial results, reflecting business strength and disciplined execution," said William J. Pulte, chair of Freddie Mac's board. CEO Kenny Smith said the company "helped nearly 439,000 households buy, refinance or rent a home, including 97,000 first-time homebuyers" during the quarter. The earnings gain was driven partly by a $880 million credit benefit, a reversal from the $783 million credit provision the company booked in the second quarter of 2025. Freddie Mac attributed the swing largely to an updated house-price scenario methodology used in its reserve modeling. Net interest income rose 13% year over year to $6.0 billion, while non-interest results swung to a $19 million loss from $617 million in income a year earlier, reflecting net investment losses this quarter versus net gains in the prior-year period. Freddie Mac's single-family business, its largest segment, posted net income of $3.3 billion, up 57% year over year, on net revenues of $5.1 billion. The company financed 306,000 single-family mortgages in the quarter, including new business activity of $110 billion, up from $94 billion a year earlier, as refinance activity nearly doubled to 106,000 borrowers from 58,000. First-time homebuyers made up 52% of purchase loans, and 54% of eligible loans met affordable-housing criteria. The single-family serious delinquency rate edged up to 0.60% from 0.59% at the end of 2025. Multifamily net income rose 90% year over year to $561 million on net revenues of $891 million, up 14%. The segment financed 133,000 rental units and issued $23 billion in securitizations, with 91% of eligible units meeting affordable-housing criteria. The multifamily delinquency rate rose to 0.51% from 0.44% at year-end, a gap the earnings exhibit did not further explain. Freddie Mac remains under federal conservatorship, and its capital position continues to be measured against regulatory targets tied to that status. The company's senior preferred stock liquidation preference held by the U.S. Treasury stood at $146.6 billion and is set to rise to $150.4 billion on Sept. 30, 2026. Cumulative Treasury draws remain unchanged at $71.6 billion, and Freddie Mac was not required to pay a dividend to Treasury in June 2026 as it continues building capital. Treasury's remaining funding commitment to the company stands at $140.2 billion. The results add to a stronger-than-expected earnings season for the two government-sponsored mortgage giants: Fannie Mae reported Q2 net income of $4.0 billion, up 20% year over year, on rising purchase mortgage volume, in results filed the same week. Both companies continue to operate under conservatorship more than 17 years after the 2008 financial crisis, with investors and policymakers watching for any signal on a possible path toward recapitalization and release. The GSEs' results come as 30-year mortgage rates remain elevated. Freddie Mac's own weekly Primary Mortgage Market Survey has shown rates climbing toward the highest levels of 2026 in recent weeks, a dynamic that has weighed on refinance volume even as purchase-mortgage activity has strengthened at both Freddie Mac and Fannie Mae. What it means: Freddie Mac's improved profitability and rising net worth are verified facts from its SEC filing. The credit-reserve release driving part of the earnings beat reflects a methodology change in the company's own house-price assumptions, not necessarily a durable shift in credit performance - a distinction the company's own disclosures make but do not fully explain. Whether the results move Freddie Mac closer to an exit from conservatorship remains a matter of regulatory and political judgment beyond what this quarter's numbers can determine.
eXp Realty adds former NAHREP president Carmen Mercado. Mercado is also former director of affordable lending at Freddie Mac Article Summary. Carmen Mercado, former national president of NAHREP and former director of affordable lending at Freddie Mac, has joined eXp Realty as a real estate agent. She brings over 20 years of experience in residential real estate, brokerage leadership, housing finance, and affordable lending. AI Summary eXp Realty announced that Carmen Mercado, former national president of the National Association of Hispanic Real Estate Professionals (NAHREP) and former director of affordable lending at Freddie Mac, has joined the company as a real estate agent. Mercado brings more than 20 years of experience in residential real estate, brokerage leadership, housing finance and affordable lending. She has served as a broker, trainer, growth strategist and New York Department of State-certified real estate instructor, and has appeared on HousingWire's annual Women of Influence list. "Carmen has spent her career pushing the industry to be more inclusive and better prepared for what's ahead. That's exactly the mindset our model was built for," said Leo Pareja, CEO of eXp Realty. "We're not just gaining an experienced leader. We're gaining someone who's spent her whole career making other people better at this business." Mercado entered the real estate industry in 2002 following a difficult first-time homebuying experience with her husband, a military veteran. At the time, she was working on Wall Street, but said the Sept. 11 attacks prompted her to pursue a career that allowed her to spend more time with her family while helping others navigate the homebuying process. "Throughout my career, I've found that the agents who thrive aren't necessarily the ones who predict every market change perfectly," Mercado said. "They're the ones who prepare before opportunity arrives. As the Roman philosopher Seneca wrote, 'Luck is what happens when preparation meets opportunity.' That's a philosophy I've carried with me throughout my career." At eXp, Mercado plans to grow her own team while expanding her residential and investor business. She will also work with corporations, nonprofits and industry partners on business development and continue sharing market insights to help agents identify opportunities.
Michael Gould named Access Point Financial CFO. Access Point Financial (APF) has appointed Michael Gould as CFO. He brings 15 years of financial experience, much of it in the hospitality industry. "Michael brings a wealth of knowledge stemming from his work across multiple asset classes, demonstrating a particular expertise overseeing complex hospitality investments and refinancings," said Mike Lipson, CEO, APF. "Michael's background is a perfect fit for Access Point as we refine our vision and growth goals." Most recently, Gould served as senior director at Freddie Mac. Prior to that, he was a VP at Rockbridge, where he completed investments in hospitality and other asset classes over his 11-year tenure. He began his career in KPMG's assurance practice and is a CPA (inactive). "As private credit continues to fill in the gaps left by traditional banks and lenders, now is a particularly exciting time to join Access Point Financial," Gould said. "I am pleased to return to the hospitality sector with an industry-leading investment platform as we seek to provide attractive financing alternatives to hotel owners and investors."
FHFA directs Fannie Mae, Freddie Mac to draft proposal on counting crypto in mortgage risk reviews. The U.S. Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to develop proposals that would allow cryptocurrency to be treated as an asset in mortgage risk assessments. FHFA Director William Pulte (\u0022@pulte\u0022) said the effort aligns with the Trump administration\u0027s goal of making the United States the \u0022crypto capital of the world.\u0022 Under the directive, eligible crypto holdings kept on U.S.-regulated centralized exchanges could be factored into assessments without being converted into U.S. dollars, pending additional approvals.