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Freddie Mac

a publicly traded security that represents participation in a pool of mortgages guaranteed by the Federal Home Loan Mortgage Corporation.
Origin of Freddie Mac
1970-75; from the initials FHLMC, on the model of Fannie Mae Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Word Origin and History for Freddie Mac

by 1992, vaguely from Federal Home Loan Mortgage Corporation.

Online Etymology Dictionary, © 2010 Douglas Harper
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Slang definitions & phrases for Freddie Mac

Freddie Mac

noun phrase

The Federal Home Loan Mortgage Corporation, which buys mortgages from lenders (1980s+)

The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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