What is actually Freddie Mac-Government Home loan Financial Corp. (FHLMC)?
The new Federal Financial Financial Corp. (FHLMC) try a stockholder-possessed, government-sponsored corporation (GSE) chartered from the Congress within the 1970 to keep currency flowing so you’re able to mortgage lenders, which often supports homeownership and you may local rental houses to own center-earnings People in the us. The latest FHLMC, familiarly labeled as Freddie Mac, instructions, promises, and securitizes mortgage brokers and is a mainstay of the additional financial markets.
Secret Takeaways
- Freddie Mac ‘s the theoretically acknowledged nickname on Government Home Loan Home loan Corp. (FHLMC).
- Freddie Mac computer is actually a stockholder-possessed, government-sponsored company (GSE) chartered by Congress when you look at the 1970 meant for homeownership having middle-income Americans.
- The fresh role from Freddie Mac is to purchase a lot from fund out of mortgage lenders, upcoming combine them and sell them once the financial-supported bonds.