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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( Federal Home Loan Mortgage Corporation)

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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Freddie Mac ( Federal Home Loan Mortgage Corporation)

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)