What does freddie mac mean?

Definitions for freddie mac
ˈfrɛd i ˈmækfred·die mac

Here are all the possible meanings and translations of the word freddie mac.

Princeton's WordNet

  1. Federal Home Loan Mortgage Corporation, Freddie Mac, FHLMC(noun)

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

Wiktionary

  1. Freddie Mac(ProperNoun)

    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.

Freebase

  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.

How to pronounce freddie mac?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say freddie mac in sign language?

  1. freddiemac

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. 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.

Images & Illustrations of freddie mac

  1. freddie macfreddie macfreddie macfreddie macfreddie mac

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