Capital Markets Internship

Position Overview

This ten-week internship offers hands-on experience across Freddie Mac's key capital markets desks. The focus is to develop future portfolio managers through real-world training, covering the full mortgage capital markets life cycle. Interns will learn, be mentored by, and work alongside industry professionals on various desks to support our mission of Making Home Possible. Your summer placement will be on a desk within one of these two areas:

• Front-End: Gain knowledge of how Freddie Mac prices its business through upfront loan pricing, pool securitization, and unsecured debt funding.
• Credit Risk: Learn how Freddie Mac manages credit risk by working with securitized products desks, including STACR, ACIS, Servicing Capital Markets, and Loan Portfolio Management and Structuring.

Our Impact

Freddie Mac's Single Family and Capital Markets Divisions manage the ~$3.4 trillion mortgage guarantee and investment portfolios through secondary mortgage market activities such as asset-liability management, loan purchases, servicing transactions, securitization, debt issuance, and credit risk transfer.

You'll join a team that is intellectually curious, creative, analytical, and passionate about markets, managing risk, and adding value. We provide the cash flow, financing, trading, and capital market expertise that enables the company to achieve its mission of providing liquidity to the housing market.

Your Impact

In this role, you will support portfolio manager activities by analyzing data, working on projects, or addressing desk needs to improve functionality or produce analyses for better decision-making.

You will work as part of a high-performing team, building analytical and interpersonal communication skills. You'll gain diverse perspectives by networking across desks, learning about the various markets Freddie Mac participates in and the work each desk performs. You will also work on a summer-long project related to Freddie Mac, presenting to senior management at the end. Through the summer, analysts will build the following proficiencies:

• Fixed income valuation and financial transaction analysis
• Expertise in the U.S. economy and fixed income markets
• Knowledge of the primary and secondary mortgage financial system
• Quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R)
• Professional networking skills and opportunities within the company and industry
• Mentorships to help guide your career
• A social community of analysts and fellow interns

Qualifications

• Pursuing a bachelor's degree, preferably in Economics, Finance, Business, Statistics, Engineering, or Math
• Availability to begin the internship in May/June 2027
• Graduating in either Fall 2027 or Spring 2028

Keys to Success in this Role

• Ability to learn quickly and pick up new skills and concepts
• Exceptional written and verbal communication skills
• Strong problem-solving ability
• Microsoft Office skills required; additional quantitative skills preferred
• Must be a great teammate and able to work collaboratively
• Comfortable working in a fast-paced trading floor environment
• Attention to detail, sound judgment, and discretion with sensitive information
• Stay aware of industry-related news and analyze implications
• Apply a learning mindset and take ownership of your development
• Exposure to AI tools, bots, agents, prompt engineering, or automation technologies

Interns are paid at a set, non-negotiable hourly rate of $32/hr.