Federal Home Loan Mortgage Corporation: Difference between revisions
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imported>Doug Williamson (Create page - source - FHLMC - http://www.freddiemac.com/about/) |
imported>Doug Williamson (Expand definition.) |
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It buys mortgage receivables and issues mortgage-backed securities. | It buys mortgage receivables and issues mortgage-backed securities. | ||
Unlike the FNMA (Fannie Mae) it does not advance mortgage loans itself. | |||
Revision as of 00:56, 12 January 2022
Mortgages - mortgage-backed securities - United States.
(FHLMC, or Freddie Mac).
Freddie Mac is a US government sponsored enterprise, established to expand the secondary mortgage market.
It buys mortgage receivables and issues mortgage-backed securities.
Unlike the FNMA (Fannie Mae) it does not advance mortgage loans itself.
It was founded in in 1970 and is headquartered in Virginia.
See also
- Federal
- Federal National Mortgage Association (FNMA)
- Foreclosure
- Government National Mortgage Association (GNMA)
- Guarantee
- Mortgage
- Mortgage-backed securities
- Securitisation
- Security
- United States
