Also found in: Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to Freddie Mac: Fannie Mae
a mortgage funder
Abused, Confused, & Misused Words by Mary Embree Copyright © 2007, 2013 by Mary Embree
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).]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Switch to new thesaurus
|Noun||1.||Freddie Mac - a corporation authorized by Congress to provide a secondary market for residential mortgages|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.