Super Finance Glossary
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Searched for Freddie Mac
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Freddie Mac
Definition: A corporation (government-sponsored enterprise) created by Congress to support the secondary mortgage market; it purchases and sells residential mortgages insured by the Federal Home Administration (FHA) or guaranteed by the Veterans Administration (VA). Formerly the Federal Home Loan Mortgage Corporation. See Fannie Mae.
Definition: A corporation (government-sponsored enterprise) created by Congress to support the secondary mortgage market; it purchases and sells residential mortgages insured by the Federal Home Administration (FHA) or guaranteed by the Veterans Administration (VA). Formerly the Federal Home Loan Mortgage Corporation. See Fannie Mae.
Freddie Mac (Federal Home Loan Mortgage Corporation)
Definition: A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities for sale in the capital markets.
Definition: A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities for sale in the capital markets.
