Freddy Mac


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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 ?
Fannie Mae and Freddy Mac) loans when appropriate, the option of using asset-based lending vehicles and, how best to value rental income streams when making a lending decision.
No one has taken any serious steps to look into where the money actually went over the Fanny Mae Freddy Mac scandal.
Southern Bancorp has not seen a significant impact from Fannie Mae and Freddy Mac mortgages down payments being reduced.
Broken into three tranches, the first QE programme saw up to $800 billion in assets being purchased as part of its QE1 programme (this was the Fed bailing out lenders Fannie Mae and Freddy Mac), with an additional $600 billion of treasury securities being purchased as part of QE2, and finally $85 billion a month as part of QE3.
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.
He then made millions as a lobbyist and consultant, including $1.6 million from the federally backed mortgage giant Freddy Mac. As the author of 18 books and a ubiquitous presence on television and radio talk shows, he can even be counted as a member of the despised media elite.
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.
Las dos companias que controlan mas del 70 por ciento del mercado hipotecario, Fannie Mae y Freddy Mac, entraron en quiebra el gobierno las intervino, inyectandoles hasta 200 mil millones de dolares, para evitar su ruina total.
First, we need to do something about the government-sponsored enterprises like Fannie Mae and Freddy Mac. Congress passed the Community Reinvestment Act in 1977.