Freddie Mac

noun

1. 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.

Word History and Origins

Origin of Freddie Mac¹

1970–75; from the initials FHLMC, on the model of Fannie Mae

Example Sentences

Freddie Mac, the federally chartered mortgage investor, aggregates rates from about 80 lenders across the country to come up with weekly national average mortgage rates.

From Washington Post

Freddie Mac, the federally chartered mortgage investor, aggregates rates from about 80 lenders nationwide to come up with weekly national average mortgage rates.

From Washington Post

The 30-year fixed rate has never been this low since Freddie Mac began tracking mortgage rates in 1971.

From Washington Post

The deal, first reported by Bloomberg, also ranked among Freddie Mac’s largest ever.

From ProPublica

As with AIG, the government essentially bailed out the financial system by bailing out Fannie Mae and Freddie Mac.

From The Daily Beast

Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.

From The Daily Beast

Fannie Mae in September paid a $10.2 billion dividend and Freddie Mac paid a $4.4 billion dividend.

From The Daily Beast

Freddie Mac, for its part, has returned $29.6 billion of the $71 billion it took from Treasury.

From The Daily Beast

Fannie Mae and Freddie Mac, the government-owned mortgage agencies, have been minting money and turning it over to Treasury.

From The Daily Beast