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)
See: Freddie Mac
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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.