“Although the manual process worked and successfully prevented adverse incidents, we needed to find ways to operate more efficiently, automate the discovery of PII wherever it’s located, and free our teams to be more innovative and take on new business challenges,” says Jagannathan. Regularly scanning Freddie Mac’s huge volumes of data for PII traditionally required a team of dedicated experts who had to search a vast data landscape distributed across many different systems. “Our stakeholders need to trust that their data is being protected,” says Aravind “Jag” Jagannathan, Vice President and Chief Data Officer at Freddie Mac Single-Family. Federal Housing Finance Agency, but also to minimize exposure risk as the organization moves data to the cloud. These data practices are critical not only to meet the requirements set forth by its regulator, the U.S. Like any institution handling personally identifiable information (PII), Freddie Mac’s data policies stipulate that the GSE know where PII is stored, who has access to it, and how to protect it. With more than 11 million active loans and a balance sheet of over $2.9 trillion, Single-Family generates approximately two-thirds of the company’s data stores.

Single-Family is Freddie Mac’s largest business unit.

Higher Education Data Management Solutions 31, from 3.33% at the end of September, and 1.72% at the end of last year.Master Data Management & 360-Degree Views of the BusinessĪpplication Integration & Hyperautomation The credit-related expenses for the latest quarter consist mainly of a provision of credit losses of $7 billion, down from $8 billion in the third quarter, stemming from 'continued credit deterioration and challenging economic conditions.' Specifically, Freddie Mac said its single-family serious delinquency rate swelled to 3.87% as of Dec. Fannie Mae is expected to report its quarterly results on March 1. Reported the National Association of Realtors is advocating the pair be recast as federally-owned nonprofit corporations.

Were brought into conservatorship by the government in September 2008, and plans for their future remain unclear. 18 that Freddie Mac would not be able to sell or transfer the assets. The total write-down in of the LIHTC partnership investments followed a determination by the Federal Housing Finance Agency on Feb.

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