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Freddie Mac

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Fred·die Mac  (frd)
n.
A security issued by the Federal Home Loan Mortgage Corporation and secured by a pool of conventional home mortgages.
[Alteration of Fed(eral Home Loan) M(ortgage) C(ompany).]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.Freddie Mac - a corporation authorized by Congress to provide a secondary market for residential mortgages
Federal Home Loan Mortgage Corporation, FHLMC
corp, corporation - a business firm whose articles of incorporation have been approved in some state


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? Mentioned in ? References in periodicals archive
 
A mortgage originator could either commit to selling a mortgage to Freddie Mac at a specific price and pay a small application fee, or obtain pre-approval for a later purchase of a mortgage at a variable price (along with a degree of interest-rate risk protection) and pay a larger "commitment fee.
Loan purchase commitment fees upheld as option premiums by Gottschalk, Stefan / The Tax Adviser
The nation's home builders applauded House passage of legislation that would strengthen the regulation of government-sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Banks, while preserving their mission.
Homebuilders approve new housing regulation rules by Real Estate Weekly
Freddie Mac has new loan products Mortgage giant Freddie Mac is touting a new duo of loan products that will help people buy a house with as little as $500 out of pocket, good news in markets like this one featuring record prices.
$500 DOWN AND YOU'VE GOT A HOUSE, IF YOU CAN AFFORD ONE by Daily News (Los Angeles, CA)
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