What is Freddie Mac-Government Mortgage Home loan Corp. (FHLMC)?
The fresh new Government Financial Home loan Corp. (FHLMC) is actually a shareholder-had, government-backed enterprise (GSE) chartered because of the Congress from inside the 1970 to keep money flowing so you’re able to home loan lenders, which aids homeownership and rental property for middle-money People in the us. The FHLMC, familiarly labeled as Freddie Mac, orders, claims, and you can securitizes mortgage brokers that will be a mainstay of one’s secondary financial field.
Secret Takeaways
- Freddie Mac ‘s the theoretically acknowledged nickname towards Government Home Loan Financial Corp. (FHLMC).
- Freddie Mac computer are a stockholder-owned, government-backed business (GSE) chartered from the Congress into the 1970 to get homeownership to own center-money Us citizens.
- This new part regarding Freddie Mac is to purchase a large amount off money off mortgage lenders, next blend her or him market him or her since the mortgage-recognized ties.
- Fannie mae and you can Freddie Mac was one another in public traded GSEs. 続きを読む