Home -> Law Dictionary -> F -> Freddie Mac

Free US Law Dictionary

BETA

BROWSE TERMS: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Warning: mysql_num_rows(): supplied argument is not a valid MySQL result resource in /home/cerebel6/public_html/uslaw/usldictionary.php on line 61

Freddie Mac

The Federal Home Loan Mortgage Corporation ("FHLMC") NYSE: FRE, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) of the United States Government. As a GSE, it is a stockholder-owned corporation authorized to make loans and loan guarantees. The FHLMC was created in 1970 to expand the secondary market for mortgages. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market helps to replenish the supply of lendable money for mortgages and ensures that money continues to be available for new home purchases. The name "Freddie Mac" is a creative acronym of the company's full name that has been adopted officially for ease of identification (see "GSEs" below for other examples).

Related Law Blog Posts

Fannie Mae, Freddie Mac Extend Eviction Suspension and Freddie Announces Foreclosure Rent-Back Program
Today, mortgage giants Fannie Mae and Freddie Mac announced they will extend their suspension of foreclosure evictions through February 28...

Hi. I'm a PC. And I'm Freddie Mac
Remember Oliver Clark? No? He was the nice, young African-American man (or, as Joe Biden would say, "clean") who was the second questioner at the most recent presidential debate...

Freddie Stevenson
Freddie Stevenson, a British singer-songwriter, recently unveiled his new album, All My Strange Companions to some nice praise stateside...

Fannie, Freddie, and You
Now that's a fun group, right?An interesting article in the Times explaining how the recent troubles of Fannie Mae and Freddie Mac might impact the average home buyer or person with some average mutual fund investments...

Fannie Mae and Freddie Mac
Well, the other shoe has finally dropped. Fannie Mae and Freddie Mac, government sponsored entities, are essentially bankrupt and Paulson is trying to figure out how to keep them afloat...

Fannie and Freddie
Here and here are some quick must-reads on Fannie Mae and Freddie Mac, their relation to the mortgage meltdown, and...

Lawyers and Law Students! Can you improve this definition? Send us your improvements and we'll provide a link back to your website or blog.