Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC
 |
Definition of 'Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC'
A stockholder-owned, government-sponsored enterprise (GSE) chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing for middle income Americans. The FHLMC purchases, guarantees and securitizes mortgages to form mortgage-backed securities. The mortgage-backed securities that it issues tend to be very liquid and carry a credit rating close to that of U.S. Treasuries.
Also known as "Freddie Mac".
|
 |
Investopedia explains 'Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC'
Freddie Mac has come under criticism because its ties to the U.S. government allows it to borrow money at interest rates lower than those available to other financial institutions. With this funding advantage, it issues large amounts of debt (known in the market place as agency debt or agencies), and in turn purchases and holds a huge portfolio of mortgages known as its retained portfolio. Many people believe that the size of the retained portfolio poses a great deal of systematic risk to the entire U.S.
|
-
Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC
Read More »
-
These two companies are crucial to the mortgage market, but are they ticking timebombs?
Read More »
-
These tales of banking terror sent shivers down the spines of even the most steadfast bankers.
Read More »
-
Is the U.S. Congress' failure to rein in these mortgage giants to blame for the financial fallout?
Read More »
-
-
U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy.
Read More »
-
Mortgage-backed securities can offer monthly income, a fixed interest rate and even government backing.
Read More »
-
Search and compare the best fixed and adjustable mortgage rates in your area with Bankrate.com.
Read More »
-
These mortgage giants had to be put under government conservatorship, driving home the gravity of the subprime crisis.
Read More »
-
An investor's fixed-income portfolio can easily beat the average bond fund. Learn how and why!
Read More »
-
Read More »
-
Refinancing is a great way for many homeowners to improve their financial situation - but beware of the downsides.
Read More »
-
Read More »
-
This tutorial teaches the basics of one of the most important economic topics. A must for all investors.
Read More »
-
Information about Freddie Mac and their operations.
Read More »
|
|
