Freddie Mac

American  

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.

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Etymology

Origin of Freddie Mac

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

Example Sentences

The rate on a fixed 30-year mortgage is nearly a full point lower than it was at the same time last year, according to Freddie Mac.

From Barron's

And the White House, which oversees Fannie Mae and Freddie Mac — the two enterprises that back most U.S. mortgages — continues to push the idea of portable and assumable mortgages.

From Los Angeles Times

A 50-year mortgage and a proposal to order Fannie Mae and Freddie Mac to buy billions of dollars of mortgage bonds to push down borrowing costs have been floated.

From The Wall Street Journal

The main mortgage agencies, Fannie Mae and Freddie Mac, recently made additional purchases of $200 billion of mortgage-backed securities.

From Barron's

Previously, Nick covered the Treasury Department and U.S. housing and mortgage markets, including the government's response to the foreclosure crisis and its control of finance companies Fannie Mae and Freddie Mac.

From The Wall Street Journal