Freddie Mac Definition

frĕdē
noun
Federal Home Loan Mortgage Corporation: a corporation sponsored by the federal government which issues securities backed by pools of residential mortgages purchased from lending institutions.
Webster's New World
Any of the securities issued by this corporation.
Webster's New World
Synonyms:
  • fhlmc
  • Federal Home Loan Mortgage Corporation
pronoun

(finance) Widely-used nickname for the Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association.

Wiktionary

Origin of Freddie Mac

  • Alteration of Fed(eral Home Loan) M(ortgage) C(ompany)

    From American Heritage Dictionary of the English Language, 5th Edition

Freddie Mac Sentence Examples

  • Both Fannie Mae and Freddie Mac work to cultivate mortgage lending that promotes increased home ownership.

  • The primary purpose of Freddie Mac is to keep funds available for lenders to make affordable mortgage loans.

  • Loans that conform to the limits are known as conforming loans and are eligible to be purchased by both Fannie Mae and Freddie Mac.

  • Insurance companies, banks and other large investors step in to fill the need for maximum mortgage amounts ranging beyond the limits set by Fannie Mae and Freddie Mac.

  • Are you looking for Freddie Mac Lenders in Iowa?

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Words Starting With

FFRFRE

Words Ending With

CACMAC

Unscrambles

Freddie Mac

Words Starting With F and Ending With C

Starts With F & Ends With CStarts With FR & Ends With CStarts With F & Ends With AC

Word Length

11 Letter Words11 Letter Words Starting With F11 Letter Words Ending With C