Federal Home Loan Mortgage Corporation
1
6.0
- proper noun
- Formal
:
Corporación Federal de Préstamos Hipotecarios
- The Federal Home Loan Mortgage Corporation plays a crucial role in the housing market.
- Federal Home Loan Mortgage Corporation (Freddie)
- Federal Home Loan Mortgage Corporation Corp.
- Federal Home Loan Mortgage Corporation (Freddie Mac)
Examples
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The average mortgage rates have been influenced by policies from the Federal Home Loan Mortgage Corporation over the years.
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Many Americans rely on the Federal Home Loan Mortgage Corporation for affordable housing options.
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Congress created the Federal Home Loan Mortgage Corporation in 1970 to promote homeownership.
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Many banks sell their loans to the Federal Home Loan Mortgage Corporation to free up capital for new lending.
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The Federal Home Loan Mortgage Corporation plays an important role in stabilizing the housing market.
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Bob Van Order, chief economist for the Federal Home Loan Mortgage Corporation, explains the challenges facing the housing market.
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To improve loan accessibility, the Federal Home Loan Mortgage Corporation was established by the U.S. government.
Synonyms
5
5.5
A US company backed by the government that buys home loans from banks and sells them to investors
1
8.4
A US company supported by the government that buys home loans from banks and sells them to investors
Surface Forms
Morphology
federal + home + loan + mortgage + corporation
The phrase is a literal string of constituent nouns/adjectives (federal + home + loan + mortgage + corporation), so a learner who knows those words can infer it refers to a federal corporation that deals with home loans and mortgages. While the precise legal role (e.g., creating a secondary market) is specialized, the overall referent is compositional and immediately comprehensible to a B1-level learner.
Etymology
Federal Home Loan Mortgage Corporation gets its name from what it does: Federal shows government support, Home Loan and Mortgage mean loans for houses, and Corporation means a company. It was set up to buy mortgages from banks so they can lend more to people, so today it helps make home buying easier and is often called 'Freddie Mac'.