Federal Home Loan Mortgage Corporation

Federal Home Loan Mortgage Corporation ( FHLMC)
A U.S. government-sponsored enterprise. FHLMC is owned by member financial institutions and is not an agency of the U.S. government. It provides financial products and services in the mortgage market that enhance liquidity. Informally but widely known as Freddie Mac. American Banker Glossary
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( FHLMC)

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Federal Home Loan Mortgage Corporation ˌFederal ˌHome Loan ˈMortgage Corpoˌration abbreviation FHLMC noun ORGANIZATIONS FINANCE BANKING
a US government organization that buys home loans from commercial banks and arranges for them to be resold as Securities on the financial markets. The money obtained is then used to make more loans to home buyers; = FREDDIE MAC:

• One of the biggest issuers was Federal Home Loan Mortgage Corp., which sold $300 million of seven-year debentures priced to yield 6.86%.

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   ► See Freddie Mac.

Financial and business terms. 2012.

Look at other dictionaries:

  • Federal Home Loan Mortgage Corporation — Logo de Federal Home Loan Mortgage Corporation Création 1970 …   Wikipédia en Français

  • Federal Home Loan Mortgage Corporation — FHLMC A corporation established in the USA in 1970 to buy mortgages from savings and loan associations in order to resell them in the secondary market packaged as securities. The stock of the corporation is held by the Federal Home Loan Banks The …   Big dictionary of business and management

  • Federal Home Loan Mortgage Corporation — A federal agency which purchases first mortgages (both conventional and federally insured) from members of the Federal Reserve System, and the Federal Home Loan Bank System. Commonly called Freddie Mac …   Black's law dictionary

  • Federal Home Loan Mortgage Corporation — (Freddie Mac) Федеральная жилищная ипотечная корпорация США. Федеральная жилищная ипотечная корпорация США («Фредди Мак») была создана в 1970 г. Постановлением Конгресса США. Преобразована в частную компанию в 1989 г. по аналогии с «Фэнни Мэй»,… …   Ипотека. Словарь терминов

  • Federal Home Loan Mortgage Corporation — noun a corporation authorized by Congress to provide a secondary market for residential mortgages • Syn: ↑Freddie Mac, ↑FHLMC • Hypernyms: ↑corporation, ↑corp * * * a private corporation authorized by the U.S. Congress whose chief function is to… …   Useful english dictionary

  • Federal Home Loan Mortgage Corporation — a private corporation authorized by the U.S. Congress whose chief function is to buy federally insured home mortgages and help develop nonfederally insured mortgages. Abbr.: FHLMC * * * …   Universalium

  • Federal Home Loan Mortgage Corporation — (FHLMC),  “FREDDIE MAC” Publicly held corporation that packages and resells mortgages to institutional investors …   American business jargon

  • Federal Home Loan Mortgage Corporation — /ˌfed(ə)rəl həυm ləυn mɔ: ɪd kɔ:pəˌreɪʃ(ə)n/ noun US a federal organisation which backs mortgages issued by the Savings and Loans Associations. Abbreviation FHLMC, Freddie Mac …   Dictionary of banking and finance

  • the Federal Home Loan Mortgage Corporation — UK US noun (ABBREVIATION the FHLMC) FINANCE, GOVERNMENT, PROPERTY ► FREDDIE MAC(Cf. ↑Freddie Mac): »Prime mortgage interest rates averaged 6.1 to 6.8 percent, according to the Federal Home Loan Mortgage Corporation …   Financial and business terms

  • Federal Home Loan Banks — The Federal Home Loan Banks provide stable, on demand, low cost funding to American financial institutions for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHLBank System… …   Wikipedia

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