Freddie Mac

(redirected from Federal Home Loan Mortgage Corp)
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Related to Federal Home Loan Mortgage Corp: Fannie Mae, Freddie Mac

Freddie Mac

a mortgage funder

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 ?
Reven's existing loan agreements with Arbor Agency Lending, LLC, an approved seller/servicer for Federal Home Loan Mortgage Corp., are expected to remain outstanding following the closing of the merger.
The monthly average commitment rate for a 30-year, fixed-rate mortgage was 3.77% in July, a decrease from 3.80% the previous month, according to the Federal Home Loan Mortgage Corp. In July 2018, it averaged 4.53%.
Lynch is the former National Partner in Charge of the Financial Services division at KPMG, LLC and has served as an independent director for over a decade at both American International Group, Inc., where he currently serves, and Federal Home Loan Mortgage Corp., or Freddie Mac, from which he recently retired.
Subsidized mortgages push downpayments much lower--down to 3.5 percent for Federal Housing Administration loans and 3 percent for mortgages from the Federal National Mortgage Association (Fanny Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac), and zero percent for a Veterans Administration mortgage.
The Federal Home Loan Mortgage Corp. entered the ownership picture back in January in the wake of a $304,000 foreclosure sale, delayed by the bankruptcy of Mitzi Osborne.
It was developed after consultation with the Federal Housing Finance Agency, Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corp. (Freddie Mac) to ensure that loans insured under the new Genworth Master Policy will be eligible for sale to Fannie Mae and Freddie Mac.
US investment manager Fairholme Capital Management Llc said it had offered to acquire the mortgage-backed securities insurance operations of the Federal National Mortgage Association (OTCBB: FNMA), also known as Fannie Mae, and the Federal Home Loan Mortgage Corp (OTCBB: FMCC), or Freddie Mac.
Federal Home Loan Mortgage Corp. vs Valorie Rogers, Patrick A.
for 16 years and currently is chairman of the Center for European Policy Analysis, a director of the Federal Home Loan Mortgage Corp. (Freddie Mac) and a member of the board of advisors at the Johns Hopkins School for Advanced International Studies.
Through the third quarter of 2009, fewer than two million mortgages had been modified or had their payments otherwise adjusted under the federal modification programs --including those of the Federal Deposit Insurance Corp., the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corp. (Freddie), and a more recent Treasury Department effort called the Home Affordable Modification Program (HAMP).
Bush talked about the economy, blaming a lack of responsible regulation in the lending industry for the recession, and said that the Federal National Mortgage Association, known as Fannie Mae, and the Federal Home Loan Mortgage Corp., or Freddie Mac, shouldn't have engaged in certain financial practices.
The Federal National Mortgage Association, also known as Fannie Mae, and the Federal Home Loan Mortgage Corp., also known as Freddie Mac, support mortgage lending in the United States by buying loans.

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