Overview

Federal Home Loan Mortgage Corporation


Show Summary Details

Quick Reference

(FHLMC)

A corporation established in the USA in 1970 to buy mortgages from savings and loan associations in order to resell them in the secondary market packaged as securities. The stock of the corporation is held by the Federal Home Loan Banks. The FHLMC is usually referred to in market reports as Freddie Mac.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.