Freddie Mac

The common name for the Federal Home Loan Mortgage Corporation (FHLMC), a congressionally chartered institution that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

Related Terms:

1. How Raising Conforming Mortgage Limits Would Impact California Real Estate
2. Fannie Mae
3. Federal Home Loan Mortgage Corporation (FHLMC)
4. FHA Loans
5. Fixed-rate Mortgage