Definitions for FHLMC
fhlmc

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Federal Home Loan Mortgage Corporation, Freddie Mac, FHLMCnoun

   a corporation authorized by Congress to provide a secondary market for residential mortgages

WikipediaRate this definition:0.0 / 0 votes

1. fhlmc

   The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with the Federal National Mortgage Association (Fannie Mae), Freddie Mac buys mortgages, pools them, and sells them as a mortgage-backed security (MBS) to private investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name "Freddie Mac" is a variant of the FHLMC initialism of the company's full name that was adopted officially for ease of identification. On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades". As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008, and dropped a further 50% on June 16, 2010, when the Federal Housing Finance Agency ordered the stocks delisted. In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt. The housing market and economy eventually recovered, making Freddie Mac profitable once again. Freddie Mac is ranked No. 56 on the 2022 Fortune 500 list of the largest United States corporations by total revenue, and has $3.026 trillion in assets under management.

ChatGPTRate this definition:0.0 / 0 votes

1. fhlmc

   The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly-traded corporation created by the U.S government. Its purpose is to facilitate a secondary market for mortgages, buying and selling mortgage loans to ensure that money is consistently available for home loans. By investing in residential mortgages, Freddie Mac helps make mortgages more available and affordable for homebuyers.

Matched Categories

1. • Corporation

How to pronounce FHLMC?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say FHLMC in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of FHLMC in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of FHLMC in Pythagorean Numerology is: 6

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=FHLMC
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Fhlmc
3. ^ ChatGPT
   https://chat.openai.com