Federal Home Loan Mortgage Corporation Definition

Federal Home Loan Mortgage Corporation

Definition

FHLMC or Freddie Mac. Government-chartered corporation which buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. The securities are not backed by the U.S. Government. The market value of these securities prior to maturity is not guaranteed and will fluctuate.

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Federal Home Loan Mortgage Corporation is ...
... part of the Bonds, Lending & Credit, Real Estate and Stocks subjects.

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U.S. Government Agency Security, COF Index, Emergency Home Finance Act of 1970