Freddie Mac

An informal name for the Federal Home Loan Mortgage Corporation ( FHLMC) or for securities issued by it. American Banker Glossary
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A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls , banks, and mortgage bankers and securities for sale in the capital markets. Bloomberg Financial Dictionary
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A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securitizes these mortgages for sale into the capital markets. The New York Times Financial Glossary

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Freddie Mac Fred‧die Mac [ˌfredi ˈmæk] noun trademark FINANCE BANKING ORGANIZATIONS
an informal name for the Federal Home Loan Mortgage Corporation:

• Freddie Mac will finance mortgages for homebuyers in predominantly minority neighborhoods with low ownership rates, working with borrowers until they qualify for loans.

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   A nickname for the Federal Home Loan Mortgage Corporation. Various US savings institutions own the stock of this corporation, which purchases residential mortgages from lenders, forms bundles of securities backed by the pools of mortgages, and then offers the securities to the public.
   ■ www.freddiemac.com

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Freddie Mac UK US noun TRADEMARK FINANCE
SHORT for Federal Home Loan Mortgage Corporation: a government organization in the US that buys and sells loans on the financial markets in order to raise more money to lend to home buyers: »

Freddie Mac said the 15-year mortgage rate rose to 8.46% from 8.45%.

See also FANNIE MAE(Cf. ↑Fannie Mae)

Financial and business terms. 2012.

Look at other dictionaries:

  • Freddie Mac — Тип Публичная компания Листинг на бирже NYSE …   Википедия

  • Freddie Mac — Rechtsform GSE ISIN US3134003017 Gründung 1970 …   Deutsch Wikipedia

  • Freddie Mac — USA Common term for the Federal Home Loan and Mortgage Corporation. Freddie Mac was created in 1970 as a publicly traded corporation to compete with Fannie Mae. These entities buy mortgage loans from originators and then securitize… …   Law dictionary

  • Freddie Mac — by 1992, vaguely from Federal Home Loan Mortgage Corporation …   Etymology dictionary

  • Freddie Mac — (Federal Home Loan Mortgage Corporation) U.S. Government chartered corporation that purchases mortgages from lenders and reoffers them to investors as mortgage backed securities (Finance) …   English contemporary dictionary

  • Freddie Mac — [fred΄ē mak′] n. 1. informal name for Federal Home Loan Mortgage Corporation: a corporation sponsored by the federal government which issues securities backed by pools of residential mortgages purchased from lending institutions 2. any of the… …   English World dictionary

  • Freddie Mac — Infobox Company company name = Federal Home Loan Mortgage Corporation (Freddie Mac) company company type = Public (nyse|FRE) company slogan = We Make Home Possible foundation = 1970 location = McLean, Virginia key people = David M. Moffett (CEO)… …   Wikipedia

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

  • Freddie Mac — 1. See Federal Home Loan Mortgage Corporation. 2. a publicly traded security that represents participation in a pool of mortgages guaranteed by the Federal Home Loan Mortgage Corporation. Cf. Fannie Mae, Ginnie Mae. [1970 75; from the initials… …   Universalium

  • Freddie Mac — Federal Home Loan Mortgage Corporation (Freddie Mac) Lema We Make Home Possible Tipo Pública (NYSE: FRE) Fundación 1970 …   Wikipedia Español

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