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Glite Dictionary
FHLMC

FHLMC

1 8.4
A US company supported by the government that buys home loans from banks and sells them to investors
  • noun
translation icon : FHLMC

Examples

  • Many of these mortgages were actually inside FNMA or FHLMC pooled issues.

    Blog text (21)

  • Shouldn't FNMA and FHLMC have the documentation?

    Blog text (21)

  • As to FNMA and FHLMC representing only 16% of the loans, that's a bit misleading.

    Blog text (31)

  • As I noted, FNMA and FHLMC represented 16% of the subprime loans that were issued, and as to blaming the Fed, one may as well blame the sky or the fallen nature of man as blame the Fed.

    Blog text (31)

  • The Federal Home Loan Mortgage Corporation, commonly known as FHLMC, was established to create a secondary market for residential mortgages.

  • Many investors rely on data published by FHLMC to evaluate the health of the housing market.

  • In 1970, the government created FHLMC to help facilitate home ownership by providing a stable mortgage market.

Synonyms

Freddie Mac
vsFHLMC
  • US
5 5.5

A US company backed by the government that buys home loans from banks and sells them to investors

focuses on providing a secondary market rather than the buying and reselling actions
Federal Home Loan Mortgage Corporation
vsFHLMC
  • Formal
1 6.0

A US company backed by the government that buys home loans to help banks lend more

highlights the company as the secondary market provider rather than its founding goal

Surface Forms

FHLMC singular
FHLMCs plural

Etymology

The word FHLMC stands for Federal Home Loan Mortgage Corporation and is commonly called Freddie Mac. It buys home loans from banks and sells them to investors to create a 'secondary market', so banks can lend more and the housing market stays more stable.