Definitions for freddie mac
ˈfrɛd i ˈmækfred·die mac

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

WiktionaryRate this definition:0.0 / 0 votes

1. Freddie Macnoun

   Widely-used nickname for the Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association.

WikipediaRate this definition:0.0 / 0 votes

1. Freddie Mac

   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. freddie mac

   Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation (FHLMC), is a government-sponsored enterprise (GSE) that was created in 1970 to expand the secondary market for mortgages in the U.S. It purchases mortgages from lenders, packages them into mortgage-backed securities, and sells them to investors. This process is intended to increase the supply of money available for mortgage lending and increase the money available for new home purchases. Freddie Mac is publicly traded and operates under a congressional charter.

WikidataRate this definition:0.0 / 0 votes

1. Freddie Mac

   The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a public government-sponsored enterprise, headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to 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 an acronym of the company's full name that had been adopted officially for ease of identification. On September 7, 2008, Federal Housing Finance Agency director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA. The action has been described as "one of the most sweeping government interventions in private financial markets in decades". Moody's gave Freddie Mac's preferred stock an investment grade rating of A1 until August 22, 2008, when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody's changed the credit rating on that day to Baa3, the lowest investment grade credit rating. Freddie's senior debt credit rating remains Aaa/AAA from each of the major ratings agencies Moody's, S&P, and Fitch.

Matched Categories

1. • Corporation

How to pronounce freddie mac?

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 freddie mac in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of freddie mac in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of freddie mac in Pythagorean Numerology is: 5

Examples of freddie mac in a Sentence

1. Jiayi Xu:

   The Freddie Mac fixed rate for a 30-year loan rebounded slightly this week, following the trajectory of the 10-year Treasury.

2. Mark Calabria:

   Extending Fannie Mae and Freddie Mac's foreclosure and eviction moratoriums through January 2021 keeps borrowers safe during the pandemic, this extension gives peace of mind to the more than 28 million homeowners with an enterprise-backed mortgage.

3. George Ratiu:

   The Freddie Mac fixed rate for a 30-year loan has been moving up and down in the 6% to 7% range since September 2022 when it crossed the 6% threshold for the first time in 14 years, mortgage rates have mirrored the volatility in the 10-year Treasury, as investors wrangle mixed expectations amid an inflow of new economic numbers.

4. Bob Broeksmit:

   Requiring Fannie Mae and Freddie Mac to charge a 0.5 % fee on refinance mortgages they purchase will raise interest rates on families trying to make ends meet in these challenging times.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=freddie mac
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Freddie_Mac
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Freddie_Mac
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=freddie mac