Freddie Mac

U.S. Government-chartered corporation that purchases mortgages from lenders and reoffers them to investors as mortgage-backed securities (Finance)

The Federal Home Loan Mortgage Corporation ("FHLMC")  NYSE: FRE, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) sponsored by the United States Government. As a GSE, it is a stockholder-owned corporation authorized to make loans and loan guarantees. It is not backed or funded by the US Government, nor do the securities it issues benefit from any government guarantee or protection.
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Noun
1. a corporation authorized by Congress to provide a secondary market for residential mortgages
(synonym) Federal Home Loan Mortgage Corporation, FHLMC
(hypernym) corporation, corp

A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities these mortgages for sale into the capital markets.