Federal Home Loan Mortgage Corporation

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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

External link