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

It dropped to 6.26% last week, according to Freddie Mac, an ongoing decline that could prompt even more new home sales activity in the coming months, Mr Ryan said.

From BBC

The average rate on the 30-year mortgage, the most popular home loan in the US, fell to 6.35% last week, according to Freddie Mac.

From BBC

It is an unusual role for a director of the FHFA, which regulates Fannie Mae — the nation’s largest company by assets — and Freddie Mac.

From Los Angeles Times

The government also exercises effective control over Fannie Mae and Freddie Mac, two government-sponsored mortgage companies, via a conservatorship implemented in 2008, when the housing crash heralded the outset of the Great Recession.

From Los Angeles Times

In September of that year, US mortgage giants Fannie Mae and Freddie Mac were nationalised.

From BBC