What does federal home loan mortgage corporation mean?
Definitions for federal home loan mortgage corporation
fed·er·al home loan mort·gage cor·po·ra·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word federal home loan mortgage corporation.
Princeton's WordNet
Federal Home Loan Mortgage Corporation, Freddie Mac, FHLMCnoun
a corporation authorized by Congress to provide a secondary market for residential mortgages
ChatGPT
federal home loan mortgage corporation
The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, is a publicly-traded government-sponsored enterprise (GSE) that operates in the secondary mortgage market. Its primary mission is to provide liquidity, stability, and affordability for the national housing market. Freddie Mac buys mortgages from lenders, packages them as mortgage-backed securities (MBS), and sells the securities to investors. This process helps banks and other lending institutions to endow more home loans and reduce risk by diversifying their portfolio of mortgages. Freddie Mac is an important part of the U.S. housing market, contributing to the availability and affordability of home loans.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of federal home loan mortgage corporation in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of federal home loan mortgage corporation in Pythagorean Numerology is: 4
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"federal home loan mortgage corporation." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/federal+home+loan+mortgage+corporation>.
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