Meaning of Freddie Mac | Babel Free

Definitions

The Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association (FNMA).

informal

Examples

“The acting CFO of Freddie Mac has been found dead in his basement, an apparent suicide. He's one of the executive team who has been clashing with regulators over how much to disclose about the ways the government has been running the company for its benefit, rather than that of the shareholders.”

“The quarterly analysis looks at delinquency rates for five of the largest investor groups: FDIC-insured banks and thrifts, commercial mortgage-backed securities, life insurance companies, and Fannie Mae and Freddie Mac.”

CEFR level