Freddy Mac

Freddy Mac

(ˈfrɛdɪ mæk)
n
(in the US) an informal name for the Federal Home Loan Mortgage Corporation, a private company that buys and sells mortgage debt
[C20: altered from the initials FHLMC; influenced by Fannie Mae]
References in periodicals archive ?
No one has taken any serious steps to look into where the money actually went over the Fanny Mae Freddy Mac scandal.
Bank of America, which bought Countrywide Financial in 2008, was found to have defrauded the government, by selling bad Countrywide loans to Freddy Mac and Fannie Mae, mortgage companies run by the government.
He has also worked with Fannie Mac and Freddy Mac gaining an experience with secondary markets.
6 million from the federally backed mortgage giant Freddy Mac.
Such large mortgages, jumbo loans, are too large to conform to standards set by Fannie Mae Freddy Mac for the secondary mortgage market.
enterprises (GSEs), Fannie Mae and Freddy Mac, which the federal government
At this stage Freddy Mac showed the way to Rathanny Billy and Dundooan Dive, ahead of Hello Hippy.
First, we need to do something about the government-sponsored enterprises like Fannie Mae and Freddy Mac.
Taking the supreme championship was Di Whiteley and Jim Court's Freddy Mac, a January 2008 born steer gracing the scales at 410kg from their Thirsk, North Yorkshire, holding where they run 20 pure BB and 30 crossbred cattle.
The two largest holders of mortgages, Fannie Mae and Freddy Mac, have been taken over by the federal government.
Now the G men are getting their teeth into the Wall Street fat cats who bankrupted Lehman Brothers, caused crisis at the giant insurance company AIG and who - as one Congressman bitterly said - brought Communism in everything but name to the US after Freddy Mac and Fannie Mae were nationalised by Bush.
The US have bailed out sub-prime mortgage providers Fanny Mae and Freddy Mac and insurance giants AIG.