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Freddy Mac

British  
/ ˈfrɛdɪ mæk /

noun

  1. (in the US) an informal name for the Federal Home Loan Mortgage Corporation, a private company that buys and sells mortgage debt

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of Freddy Mac

C20: altered from the initials FHLMC; influenced by Fannie Mae

Example Sentences

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There are multiple programs through Fannie Mae and Freddy Mac, as well as tax deductions.

From Seattle Times Oct. 22, 2021

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