|
|
Keywords:
Freddy,
Fhlmc,
Mac,
Quasi,
Securitizes
FHLMC or Freddie Mac. The Federal Home Loan Mortgage Corporation is the government-chartered...
Also known as Freddie Mac, the FHLMC is a quasi-governmental corporation that provides funds to lenders for conventional loans.
FHLMC or Freddie Mac. Created by Congress in 1970 to develop the private secondary mortgage market. It was originally designed to buy mortgages from S&Ls. The S&Ls had not found FNMA particularly helpful because they primarily made conventional loans, and FNMA was authorized to purchase conventional loans until 1970. FHLMC currently buys government-underwritten and conventional loans from all types of lenders. Operationally, FHLMC and FNMA are quite similar.
A publicly traded corporation that promotes the nation wide secondary market in mortgages by issuing mortgage-backed pass-through debt certificates. Syn. Freddie Mac.
A federal corporation that provides savings and loan associations with a secondary mortgage money market for loans. It is also known as Freddy Mac. Back to the Top
A semi-governmental agency that purchases mortgages in the secondary market. Also known as "Freddie Mac"
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans and then sells shares to investors.
A publicly owned, government-sponsored enterprise that buys qualifying residential mortgages from lenders, packages them into new securities backed by those pooled mortgages, provides certain guarantees, and then resells the securities in the open market.
Freddie Mac (FHLMC) A federal Agency purchasing first mortgages, both conventional and federally insured, from members of the Federal Reserve System, and the Federal Home Loan Bank System.
This government-sponsored enterprise is chartered by Congress and owned by stockholders. This agency buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. Freddie Mac Participation Certificates(PCs) guarantees timely payment of both principal and interest on its Gold Participation Certificates (PCs). Some older series of Freddie Mac PCs guarantee timely payment of interest and eventual payment of principal. These securities are not backed by the full faith and credit of the U.S. Government. The market value of these securities prior to maturity is not guaranteed and will fluctuate.
A privately held, NYSE-listed corporation, nicknamed Freddie Mac, that purchases residential, Federal Housing Administration, and Veterans Administration mortgages from savings institutions, and resells them by means of mortgage-backed securities. These securities are not guaranteed by the U.S. government.
Created by Congress in Title III of the Emergency Home Finance Act of 1970 (12 USC 1451 et seq). This stockholder-owned corporation, a portion of whose board of directors is appointed by the President of the United States, supports the secondary market in mortgages on residential property with mortgage purchase and securitization programs. Also called Freddie Mac.
Commonly known as "Freddie Mac," a federally chartered corporation established in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac was created as a part of the savings association system and, while it is not so limited, its loan purchase policies are designed to accommodate savings association needs. It functions with an independent board of directors but is subject ot oversight by HUD. Freddie Mac Online
(FREDDIE MAC): a corporation authorized by Congress in 1970. It purchases residential mortgages insured by the General Housing Administration or guaranteed by the Veterans Administration (VA) as well as conventional home mortgages. It sells participation certificates whose principal and interest is guaranteed by FHLMC.
Freddie Mac is a publicly held government-sponsored enterprise (GSE) created in 1970 to provide stability in the secondary market for home mortgages. The principal activity of Freddie Mac consists of the purchase of first lien mortgages from mortgage lending institutions and the resale of loans and participations in the form of guaranteed mortgage securities. Mortgages retained by Freddie Mac are financed with short-term and long-term debt and equity capital.
FHLMC (Freddie Mac) - Freddie Mac is a shareholder-owned corporation that creates a continuous flow of funds to mortgage lenders by purchasing mortgages from lenders and packaging them into securities that are sold to investors.
A private corporation authorized by Congress. It sells participation sales certificates secured by pools of conventional mortgage loans. Also known as Freddie Mac.
A quasi-governmental agency which is a publicly traded corporation. The purpose of the entity is to help facilitate the access of mortgage money by creating a secondary market for conventional mortgages. Conventional mortgages purchased by Freddie Mac are called conforming mortgages.
a corporation authorized by Congress to provide a secondary market for residential mortgages
Freddie Mac” Stockholder-owned Corporation that supports the secondary market by purchasing blocks of mortgage loans.
FHLMC provides a secondary market for savings and loans by purchasing their conventional loans. FHLMC is now known as Freddie Mac.
A private corporation authorized by federal law to provide secondary mortgage market support for conventional real estate loans. It is popularly known as "Freddie Mac."
Commonly known as 'Freddie Mac.' A major secondary market investor, government sponsored, but privately owned corporation, which is a major purchaser of mortgages.
A quasi-governmental secondary market organization that offers various mortgage purchase and securitization programs. Its major program is the Freddie Mac Participation Certification (PC).
A private corporation created by Congress to support the secondary mortgage market; it sells participation certificates secured by pools of conventional mortgage loans, their principal and interest guaranteed by the federal government through the FHLMC, popularly known as FREDDIE MAC
Also referred to as Freddie Mac. A governmental agency that purchases conventional mortgages in the secondary mortgage market. It sells participation sales certificates secured by pools of conventional loans; their principal and interest are guaranteed by the federal government through FHLMC. It also sells GNMA bonds to raise funds to finance the purchase of mortgages.
Called Freddie Mac; a part of the secondary market that provides liquidity for the originators of mortgages.
"Freddie Mac" Agency which purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers.
A publicly traded corporation authorized by Congress in 1970 to help provided financing to low and middle income individuals and families. Regulates most conforming loan guidelines.
Prohibits the denial or variance of the terms of real estate related transactions based on race, color, religion, sex, national origin, disability, or familiar status of the credit applicant. Real estate related transactions include a mortgage, home improvement, or other loans secured by a dwelling.
A federal agency known as Freddie Mac, which provides a secondary market for savings and loan associations and other institutions.
A private corporation authorized by Congress to provide secondary mortgage market support for conventional mortgages. Popularly known as “Freddie Mac”. The rate that FHLMC offers secondary market players for 30-day delivery is the index we use weekly to base our ARM adjustment.
A privately owned corporation that purchases primarily conventional mortgage loans on the secondary mortgage market from primary lenders.
This agency purchases loans that are underwritten to specific guidelines. These guidelines represent the industry standard for residential conventional lending. Loan Prospector, or LP, is this agency's electronic underwriting system. It can by accessed by authorized agents via the internet and allows the user to input loan applications and obtain loan decisions quickly.
A congressionally chartered private corporation that purchases mortgage loans from mortgage originators. FMLMC sells its own obligations and mortgage backed bonds to private investors, usually bank and trust funds, insurance companies and pension funds. The Federal Home Loan Mortgage Corporation provides the industry guidelines for qualifying applicants for conventional loans.
Federally chartered corporation that provides funds to the mortgage market through the purchase of mortgage loans from lenders.
A stockholder-owned corporation, a portion of which is supported by the U.S., supports the secondary market in mortgages on residential property with mortgage purchase and securitization programs.
A quasi-governmental agency which is a publicly traded corporation. It was originally chartered by Congress and oversight is located within the Department of Housing and Urban Development. The purpose of the entity is to help facilitate the access of mortgage money by creating a secondary market for conventional mortgages.
also known as "Freddie Mac;" a quasigovernmental agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers.
a government organization designed to create and maintain a secondary market for conventional home mortgages. The FHLMC buys and pools mortgages from federally insured financial institutions and sells them as mortgage-backed securities called "Freddie Macs."
Also known as Freddie Mac. A quasi-governmental agency that buys conventional mortgages from insured depository institutions and HUD-approve mortgage bankers.
A quasi-government agency that purchases conventional mortgages in the secondary mortgage market from insured depository institutions and HUD-approved mortgage bankers. It sells mortgage participation certificates (PCs) secured by pools of conventional mortgage loans. Popularly known as Freddie Mac.
A government sponsored agency that is also a publicly traded company on the New York Stock Exchange that purchases mortgage loans from mortgage bankers and financial depository institutions. FHLMC is a major secondary market investor.
A stockholder-owned corporation chartered by Congress to create a continuous flow of funds to mortgage lenders in support of homeownership. Freddie Mac purchases single-family and multifamily residential mortgages from lenders and packages them into securities that are sold to investors.
See Freddie Mac.
See: AGENCIES.
FHLMC or Freddie Mac. A cousin to FNMA that operates similarly.
a governments sponsored agency that buys and sells mortgages in the secondary market.
FHLMC) (aka "Freddie Mac") A quasi-governmental agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers.
A quasi-governmental agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers. Also referred to as "Freddie Mac".
The Federal Home Loan Mortgage Corporation provides a secondary market for saving and loans by purchasing their conventional loans. Also known as "Freddie Mac."
Or Freddie Mac is a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors. This provides lenders with funds for new homebuyers.
Federal Home Loan Mortgage Corporation (FHLM); a federally chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders with funds for new homebuyers. Also known as Freddie Mac.
A affiliate of the Federal Home loan Bank which creates a secondary money market in conventional residential loans and in FHA and VA loans by purchasing mortgage loans from members of the Federal Reserve System and the Federal Home Loan Bank Systems.
Also known as Freddie Mac, this is a corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as well as conventional mortgages.
A corporate instrumentality of the United States, created by an act of Congress on July 24, 1970 in order to increase the availability of mortgage credit for the financing of housing. FHLMC raises funds by issuing securities backed by pools of conventional mortgages, either Participation Certificates (PCs) or Guaranteed Mortgage Certificates (GMCs). Freddie Mac.
A private corporation chartered by Congress to make funds from the capital markets available for home financing. It does this by operating a secondary market for home mortgage loans, buying such mortgages from lenders and selling securities backed by those mortgages.
Purchases loans from members of the Federal Reserve and the Federal Home Loan Bank Systems, and sells FHLMC mortgage backed securities on wall street. (FHA) Federal Housing Administration An agency that issues loan guarantees and administers loan programs which makes more housing available.
Purchases conventional mortgage loans in the secondary mortgage market.
A publicly chartered agency that buys qualifying residential mortgages from lenders, packages them into new securities backed by those pooled mortgages, provides certain guarantees, and then resells the securities on the open market. The corporation's stock is owned by savings institutions across the U.S. and is held in trust by the Federal Home Loan Bank System. The corporation, nicknamed Freddie Mac, has created a secondary market, which provides more funds for mortgage lending and allows investors to buy high-yielding securities backed by federal guarantees.
Second Mortgage
The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the largest national supplier of home mortgage funds. It is commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. Detailed information may be found at http://www.freddiemac.com.
This agency purchases loans that are underwritten to its specific guidelines. These guidelines represent the industry standard for residential conventional lending. Loan Prospector, or "LP" as it is commonly referred, is this agency's electronic underwriting system. It can be accessed by authorized agents via the internet and allows the user to input and approve loans in minutes.
A publicly traded corporation that provides funds for mortgages, and buys mortgages from banks and re-packages them as mortgage-backed investments.
|
