Federal Home Loan Mortgage Corporation

American  

noun

1. a private corporation authorized by the U.S. Congress whose chief function is to buy federally insured home mortgages and help develop nonfederally insured mortgages. FHLMC

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Example Sentences

The Federal Home Loan Mortgage Corporation announced Thursday that the interest rate on an average 30-year-fixed-rate mortgage had climbed in the past week from 4.72% to 5% — a rate unseen since early 2011.

From Washington Times • Apr. 14, 2022

In the midst of the housing crisis, the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac Freddie Mac, was crumbling.

From Forbes • Mar. 20, 2015

The Federal National Mortgage Association, or “Fannie Mae”, was made private in 1968, and was joined by a twin, the Federal Home Loan Mortgage Corporation, “Freddie Mac”, in 1970.

From Economist • Apr. 10, 2014

The Federal Home Loan Mortgage Corporation reports that on average across the U.S., lenders are offering new customers fixed-rate 30-year mortgages at 9.49%, down from 10.67% last May.

From Time Magazine Archive

Sentinel was a client of the prominent Wall Street law firm of Cadwalader, Wickersham & Taft, which has also counseled the likes of Holiday Inns, Occidental Petroleum and the Federal Home Loan Mortgage Corporation.

From Time Magazine Archive