Freddie Mac


Also found in: Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to Freddie Mac: Fannie Mae

Fred·die Mac

 (frĕd′ē)
n.
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)

n.
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 ?
Walker & Dunlop began working with Freddie Mac in 2009, and since that time, has dramatically grown the Company's market share amidst an exceedingly competitive landscape of the country's largest banks and mortgage brokerage firms.
Just a year later, Microsoft began dismantling HomeAdvisor and spun off a key division called Tuttle Decision Systems to Freddie Mac (April 2001).
During the years in question (1985-1990), approximately 99% of the mortgage originators paying the commitment fee consummated a sale transaction by delivering a mortgage loan to Freddie Mac.
It would strengthen and safeguard the financial health of Fannie Mae and Freddie Mac, while enabling them to continue to fulfill their mission of providing affordable housing credit for millions of working American families.
Freddie Mac doesn't make the loans but buys them from its huge base of mortgage issuers, which includes all the major players in California.
More recently, Sunrise received an $88 million long term Freddie Mac loan commitment from GMAC.
Because Fannie Mae and Freddie Mac are profit-seeking, they may not be able to bear the same degree of credit risk as the FHA or the VA.
This article describes how Freddie Mac constructed its MTM balance sheet and accompanying footnote disclosures.
Walker & Dunlop has had substantial growth with Freddie Mac, moving from 1% of Freddie Mac's annual originations in 2009 to 10% in 2014, making Walker & Dunlop the third largest Freddie Mac Program Plus Seller in 2014.
based Freddie Mac, indicating that the staff thinks the broader commission should sue the company for violating securities law.
Banks that until now would only originate construction loans are now beginning to offer permanent financing for the next 7 to 10 years after the completion of construction--and with proceeds, structures, and pricing that are highly competitive with Fannie Mac and Freddie Mac, the traditional lending agencies.
The DRA contained a specific adjusted basis for determining gain on the sale or other disposition of property Freddie Mac held on Jan.