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Freddie Mac
noun
- 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
Example Sentences
Freddie Mac, the federally chartered mortgage investor, aggregates rates from about 80 lenders across the country to come up with weekly national average mortgage rates.
Freddie Mac, the federally chartered mortgage investor, aggregates rates from about 80 lenders nationwide to come up with weekly national average mortgage rates.
The 30-year fixed rate has never been this low since Freddie Mac began tracking mortgage rates in 1971.
The deal, first reported by Bloomberg, also ranked among Freddie Mac’s largest ever.
As with AIG, the government essentially bailed out the financial system by bailing out Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.
Fannie Mae in September paid a $10.2 billion dividend and Freddie Mac paid a $4.4 billion dividend.
Freddie Mac, for its part, has returned $29.6 billion of the $71 billion it took from Treasury.
Fannie Mae and Freddie Mac, the government-owned mortgage agencies, have been minting money and turning it over to Treasury.
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