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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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Nearby Terms
- Federal funds rate
- Federal Home Loan Bank
- Federal Home Loan Bank Act
- Federal Home Loan Bank System
- Federal Home Loan Banks
- Federal Home Loan Mortgage Corporation
- Federal Housing Administration
- Federal Housing Finance Agency (FHFA)
- Federal Housing Finance Board
- Federal ID Number
- Federal Insurance Administration



