Freddie Mac

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Related to Freddie Mac: Fannie Mae

Fred·die Mac

One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools.

[Alteration of Fed(eral Home Loan) M(ortgage) C(ompany).]

Fred•die Mac

(ˈfrɛd i ˈmæk)

1. a congressionally chartered corporation that ensures a continuous supply of mortgage funds by purchasing home mortgages from lending institutions.
2. a publicly traded security that represents participation in a pool of mortgages guaranteed by Freddie Mac.
[1970–75; from the initials FHLMC Federal Home Loan Mortgage Corporation, on the model of Fannie Mae]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Freddie Mac - a corporation authorized by Congress to provide a secondary market for residential mortgages
corp, corporation - a business firm whose articles of incorporation have been approved in some state
References in periodicals archive ?
based Freddie Mac, indicating that the staff thinks the broader commission should sue the company for violating securities law.
The DRA contained a specific adjusted basis for determining gain on the sale or other disposition of property Freddie Mac held on Jan.
Gramm's position is that his committee "may" hold hearings this year on the role of Fannie Mae and Freddie Mac.
For the reasons outlined below, we expect the FHA and the VA to have the greatest involvement with lower-income and black or Hispanic borrowers, Fannie Mae and Freddie Mac somewhat less involvement, and the PMI companies the least.
Freddie Mac is guaranteeing six senior principal and interest classes and an interest only class of securities issued by the FRESB 2017-SB37 Mortgage Trust and is also acting as mortgage loan seller and master servicer to the trust.
Greystone began offering Freddie Mac seniors housing and assisted living loan products in 2013, and the Agency's Small Balance Loan product earlier this year, which enables acquisition and refinancing for properties between $1 million and $5 million.
The PNC Financial Services Group Inc (NYSE: PNC) has said that its affiliate, PNC Bank, National Association, has reached an agreement with the Federal Home Loan Mortgage Corporation (Freddie Mac), to resolve all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008.
Renewing our alliance with the ABA means more community banks will have the secondary market tools they need to help families take advantage of today's low mortgage rates and affordable home prices," says James Cotton, vice president of sales at Freddie Mac.
The Freddie Mac program is a powerful source of financing to the seniors housing industry.
For example, under the affordable housing programs sponsored by Fannie Mae and Freddie Mac, the proportion of the downpayment and closing costs that must come from the applicant's own savings has been reduced, and lenders may consider rent and utility payment records in lieu of other credit history information.
Freddie Mac introduced its Program Plus network of multifamily mortgage lenders in 1993.
territories, we will instruct servicers to work with borrowers who have mortgages owned or guaranteed by Freddie Mac to provide up to 12 months of forbearance.