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

The weekly national average has gone from around 6.8% a year ago to under 6.3% now, according to Freddie Mac tracking.

Read more on The Wall Street Journal

Rates have ticked a bit higher in recent weeks but remained below 6.3%, according to Freddie Mac.

Read more on The Wall Street Journal

But we all saw how that transference of risk worked out for Fannie Mae, Freddie Mac, Lehman Brothers and Bear Sterns.

Read more on The Wall Street Journal

Expanding the use of assumable loans—which are currently available with some government-backed mortgages—to loans backed by Fannie Mae and Freddie Mac would allow a buyer to take on a seller’s mortgage.

Read more on Barron's

He is also the chairman of the boards of Fannie Mae and Freddie Mac, which backstop a huge chunk of the nation’s mortgages.

Read more on The Wall Street Journal