FHLMC

Definition

Federal Home Loan Mortgage Corporation. 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.

Use FHLMC in a sentence

You need to try and make sure that you are good with the FHLMC or they can make things very hard on you.

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He worked for the FHLMC and he was really glad to be able to work with us because we were his family and loved him.

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The FHLMC has been a tremendous fan to the flame of Real Estate Lending as it takes much of the risk off of individual institutions and spreads it amongst countless investors giving them an opportunity to make money as well as providing capital to banks to spur more lending.

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