Federal Home Loan Mortgage Corporation (FHLMC)

The Federal Home Loan Mortgage Corporation is commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans, and sells shares to investors.

Related Terms:

1. How Raising Conforming Mortgage Limits Would Impact California Real Estate
2. Biweekly Loan or Mortgage
3. Cooperative Project
4. Federal Housing Administration (FHA)
5. Federal National Mortgage Association (FNMA)