What exactly is Freddie Mac-Federal Home loan Mortgage Corp. (FHLMC)?

The latest Federal Home loan Financial Corp. (FHLMC) is actually a stockholder-owned, government-paid company (GSE) chartered by the Congress inside 1970 to keep money flowing so you can mortgage lenders, which helps homeownership and you can local rental houses for center-income People in america. The brand new FHLMC, familiarly called Freddie Mac computer, purchases, claims, and you may securitizes lenders in fact it is a pillar of your own supplementary financial sector.

Key Takeaways

• Freddie Mac ‘s the commercially accepted nickname toward Government Home Loan Mortgage Corp. (FHLMC). Read the rest of this entry »