Federal Home Loan Mortgage Corporation
From ACT Wiki
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
- Secondary market
- Securitisation
- Security
- United States
