Federal Home Loan Mortgage Corporation. A government sponsored private corporation which purchase mortgages from lenders. See Fannie Marie (FNMA). [] Go to: | | | | | | | | | | | | | | | | | | | | | X | Y

The Federal Home Loan Mortgage Corporation (FHLMC), 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. Established in 1970, 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 has created an enormous secondary market which provides more funds for mortgage lending and allows investors to buy high yielding securities backed by federal guarantees.

MP] One of the two federal agencies that purchase home loans from lenders. The other is Fannie Mae.

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 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.

Popular name for the Federal Housing Loan Mortgage Corporation (FHLMC), a corporation chartered by the U.S. government that purchases mortgage loans from issuing institutions, such as banks, and distributes mortgage-backed securities through private dealers.

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 Federal Home Loan Mortgage Corporation (FHLMC).

Federal Home Loan Mortgage Corporation. A government sponsored private corporation which purchase mortgages from lenders. Also see Fannie Mae (FNMA)

Buys loans underwritten to its specifications, pools them with other loans, and sells shares to investors. Select the state in which you wish to find a Real Estate Agent to buy, sell, buy and sell, a home today! Alabama / Alaska / Arizona / Arkansas / California / Colorado / Connecticut / Delaware Florida / Georgia / Hawaii / Idaho / Illinois / Indiana / Iowa / Kansas / Kentucky / Louisiana Maine / Maryland / Massachusetts / Michigan / Minnesota / Mississippi Missouri / Montana / Nebraska / Nevada / New Hampshire / New Jersey / New Mexico New York / North Carolina / North Dakota / Ohio / Oklahoma / Oregon / Pennsylvania Rhode Island / South Carolina / South Dakota / Tennessee / Texas / Utah / Vermont / Virginia Washington / Washington DC / West Virginia / Wisconsin / Wyoming Copyright © 2005-2006 RealEstateLocalSearch.com, ALL Rights Reserved

(Federal Home Loan Mortgage Corporation) A federally chartered agency that purchases residential mortgages from lending institutions and packages them for sale as securities backed by the pooled mortgages. Stock in the corporation is owned by thrifts around the country. The Federal Home Loan Bank System serves as trustee. The corporation guarantees timely interest payments and ultimate payment of principal on its securities, which are issued in denominations of $25,000 and above.

A common Nickname for Federal Home Loan Mortgage Corporation (FHLMC). They are a federally chartered corporation that purchases residential mortgages, and then sells and insures securities based on the mortgages to investors.

The Federal Home Loan Mortgage Corporation, a major national investor in home loans. A private corporation created by Congress to support the secondary mortgage market and increase the availability and affordability of home loans for low – , moderate – , and middle – income Americans. Also known as a Government Sponsored Enterprise (GSE).

(Federal Home Loan Mortgage Corporation) - also involved in the secondary mortgage market. Freddie Mac buys loans from lenders and sells them to investors.

Entity buys loans from conventional lenders and packages them for sale to investors as securities.

A federally chartered corporation established to purchase mortgages in the secondary, or resale, market. Freddie Mac's policies are designed to serve the needs of savings and loan associations. It is subject to oversight by the U.S. Department of Housing and Urban Development (HUD).

The Federal Home Loan Mortgage Corporation. A private corporation created by Congress to support the secondary mortgage market by purchasing residential mortgages, securitizing them, and selling them to investors. By purchasing mortgages, Freddie Mac increases the availability and affordability of home loans for low- and middle-income Americans. Similar to Fannie Mae, defined previously.

a corporation authorized by Congress to provide a secondary market for residential mortgages

Federal Home Loan Mortgage Corporation. A corporation created by Congress to guarantee mortgages in the secondary market to allow banks to buy and sell mortgages.

Federal Home Loan Mortgage Corp (FHLMC). Mortgage backed securities that are packages, sold and guaranteed by FHLMC and issued in denominations of $25,000

Purchases loans from Federal Reserve and Federal Home Loan Bank Systems and securitizes them, then sells FHMLC-mortgage-backed securities to investors.

A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds.

A publicly owned, congressionally chartered home mortgage company.

Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. By doing so, Freddie Mac ultimately provides homeowners and renters with lower housing costs and better access to home financing.

A government-sponsored enterprise which buys and securitizes mortgages for re-sale in the secondary market.

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 congressionally chartered shareholder-owned company that is one of the nations largest suppler of home mortgage funds.

The Federal Home Loan Mortgage Corporation; a quasi-governmental agency chartered to purchase residential loans from federally insured depository institutions and approved mortgage lenders.

Federal Home Loan Mortgage Corporation. Private corporation that sells participation certificates and CMOs backed by pools of conventional mortgage loans.

A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.

An acronym for the Federal Home Loan Mortgage Corporation. Freddie Mac purchases mortgage loans originated by local lenders and sets guidelines that lenders must follow to quality prospective borrowers.

The Federal Home Loan Mortgage Corporation (FHLMC). Called "Freddie Mac"; a part of the secondary market, particularly used to purchase loans from savings and loan lenders within the Federal Home Loan Bank Board.

The Federal Home Loan Mortgage Corporation provides a secondary market for savings and loans by purchasing their conventional loans.

Federal Home Loan Mortgage Corporation (FHLMC) Also called Freddie Mac, is a quasi-governmental agency that purchases conventional mortgages from insured depository institutions and HUD-approved mortgage bankers.

also known as Federal Home Loan Mortgage Corporation. A credited agency that purchases conventional mortgages from insured depository institutions and HUD-approved mortgage bankers.

See Federal Home Loan Mortgage Corporation.

Term commonly used in referring to the Federal Home Loan Mortgage Corporation.

The Federal Home Loan Mortgage Corporation is a quasi-governmental agency that purchases conventional mortgages in the secondary market from banks and HUD approved mortgage bankers. It sells participation sales certificates secured by pools of conventional mortgage loans. The federal government through FHLMC guarantees the principal and interest on these loans. It also sells Government National Mortgage Association (GNMA) bonds to raise funds for the purchase of mortgages.

Nickname for Federal Home Loan Mortgage Corporation (FHLMC), a federally controlled and operated corporation to support the secondary mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages.

Federal Home Loan Mortgage Corporation (also FHLMC) is a stockholder owned corporation chartered by Congress that purchases mortgage loans.

Federal Home Loan Mortgage Corporation. A federal Agency purchasing first mortgages, both conventional and federally insured, form members of the Federal Reserve System, and the Federal Home Loan Bank System.

The Federal Home Loan Mortgage Corporation, a government-chartered corporation that buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. The securities are not backed by the U.S. Government. The market value of these securities prior to maturity is not guaranteed and will fluctuate.

a publicly held, government-chartered company that buys home mortgages from lending institutions to hold in its portfolio, and issues securities backed by pools of mortgages that it guarantees.

A major secondary mortgage market investor. It is a government sponsored,privately owned corporation that is a major purchaser of mortgages from lenders. Also known as 'Federal Home Loan Mortgage Corporation' (FHLMC).

Lending institutions often re-sell their loans to investors in the "secondary" mortgage market rather than keep them in their portfolios. The Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) is a large financial institution that invests in purchasing mortgages from local "primary" lenders. Freddie Mac buys only loans that conform to its established standards. Many lenders will therefore match their qualifying standards to Freddie Mac guidelines. For example, to be " conforming" to Freddie Mac guidelines, a loan should not exceed $252,700 (as of November 1999), and mortgage payments should not exceed 28% of their gross income to their mortgage payments.

The nickname for the Federal Home Loan Mortgage Corporation; it operates similarly to Fannie Mae.

Nickname for Federal Home Loan Mortgage Corporation (FHLMC). Go to Top

Another name for the Federal Home Loan Mortgage Corporation, a federally sponsored agency which buys and sells mortgages. Along with Fannie Mae, Freddie Mae is a major player in the secondary market.

Shorthand for U.S. Federal Home Loan Mortgage Corporation. Source: econterms

A common nickname for the Federal Home Loan Mortgage Corporation. if (window.name=="QuickenLoansPopupHelp") { document.write('INPUT TYPE="button" VALUE="Close" onClick="javascript:self.close()"')} else { document.write('B<A href="javascript:history.go(-1);"Back/A/B') } Back

Federal Home Loan Mortgage Corp. - a corporation established by the Federal Home Loan Bank to issue mortgage-backed securities

Federal Home Loan Mortgage Corporation. A US agency which purchases first mortgages on residences.

Freddie Mac is the nickname for the Federal Home Loan Mortgage Corporation. Freddie Mac issues and sells mortgage-backed securities, which are securities that are backed by a pool of residential mortgage loans.

The Federal Home Loan Mortgage Corporation. A congressionally chartered, shareholder-owned company that is one the largest sources of mortgage funds.

refers to the Federal Home Loan Mortgage Corporation,another federally chartered, publicly traded organization that purchases mortgage loans.

A tax-paying corporation, created by Congress, that purchases conventional mortgages in the secondary mortgage market from insured financial institutions and qualified mortgage bankers.

The Federal Home Loan Mortgage Corporation (FHLMC) supplies mortgage credit for residential housing, mostly through Federal Home Loan Banks. Issues bonds, debentures, notes and certificates.

The name used to identify the Federal Home Loan Mortgage Corporation, which is a quasi-governmental agency that purchases conventional mortgages from approved mortgage bankers and insured depository institutions. Their automated underwriting system is call Loan Prospector, or LP for short.

http://www.freddiemac.com The mission of Freddie Mac is to stabilize the nation's mortgage markets and expand opportunities for home ownership and affordable rental housing. Over the past 32 years, Freddie Mac has accomplished this by ensuring that there is a continuous flow of funds to mortgage lenders. Freddie Mac: Your Route to Home ownership http://www.freddiemac.com/homebuyers Freddie Mac: Home ownership Education http://www.freddiemac.com/sell/expmkts/homeed.html

See FHLMC.

Used to be called the Federal Home Loan Mortgage Corporation. Freddie Mac purchases home mortgages from savings and loan associations, groups the mortgages with other loans, and persuades investors to purchase the debt. The US government sponsors Freddie Mac.

A nickname for the Federal Home Loan Mortgage Corporation (FHLMC). This is another agency that may purchase mortgages from conventional lenders.

A federally-chartered corporation, Federal Home Loan Mortgage Corporation (FHLM) purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders With funds for new home buyers

Federal Home Loan Mortgage Corporation (FHLMC); a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers.

Federal Home Loan Mortgage Corporation. FHLMC buys mortgages and bundles them into investment packages attractive to investors. This process helps create more funds available for mortgages. Earnings on Freddie Mac securities are fully taxable. See also Fannie Mae.

A corporation established to purchase primarily conventional mortgage loans in the secondary mortgage market.

The Federal Home Loan Mortgage Corporation, a government-sponsored but privately owned entity that converts mortgages bought from lenders into securities which are bought by investors. As such, it represents the chief secondary market for mortgages.

An agency that purchases conventional mortgages that are underwritten to its specific guidelines.

Nickname for Federal Home Loan Mortgage Corporation ( FHLMC), a federally controlled and operated corporation to support the secondary market. It purchases and sells residential conventional home mortgages.

An acronym for the Federal Home Loan Mortgage Corporation. Another of the major purchasers of mortgages from local lenders. See also Fannie Mae.

Federal Home Loan Mortgage Corporation (FHLMC), a quasi-governmental agency that purchases conventional mortgages in the secondary mortgage market from insured depository institutions and HUD-approved mortgage lenders.

The common name for the Federal Home Loan Mortgage Corporation, a congressionally chartered institution that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

a quasi-governmental agency that purchases private sector loans from HUD-approved mortgage bankers and sells them to investors providing lenders with additional funds; helps low and moderate income borrowers to obtain loans; same as Federal Home Loan Mortgage Corporation(FHLMC)

Nickname for the Federal Home Mortgage Association and the mortgage-backed securities it issues.

The Federal Home Loan Mortgage Corporation or Freddie Mac purchases home loans which adhere to its rigid standards. Freddie Mac combines these mortgages into loan securities which it sells to outside investors. These loan instruments are considered safe because Fannie Mae guarantees the repayment of the principal and interest.

Nickname for Federal Home Loan Mortgage Corp. A financial corporation chartered by the federal government to buy pools of mortgages from lenders and sell securities backed by these mortgages. Back

Freddie Mac (the Federal National Home Loan Mortgage Corporation) is another federally-sponsored secondary-market agency. Like Fannie Mae, Freddie Mac both purchases loans directly from the primary mortgage market and guarantees loans that are sold on the secondary market.

Short name for Federal Home Loan Mortgage Corporation - see above

Mortgage-backed securities issued by the Federal Home Loan Mortgage Corporation.

A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securitizes these mortgages for sale into the capital markets.

A common name used to refer to the Federal Home Loan Mortgage Corporation.

Mortgage-backed issuer created in July, 1970.

A common nickname for the Federal Home Loan Mortgage Corporation. Good Faith Estimate Written estimate of the settlement costs the borrower will likely have to pay at closing. Under the Real Estate Settlement Procedures Act ( RESPA), the lender is required to provide this disclosure to the borrower within three days of receiving a loan application. Grace Period Period of time during which a loan payment may be made after its due date without incurring a late penalty. The grace period is specified as part of the terms of the loan in the Note.

Another name for the Federal Home Loan Mortgage Corporation (FHLMC), a quasi-governmental secondary market organization, which offers various mortgage purchase and securitization programs.

A congressionally chartered institution that buys mortgages from lenders and resells them as securities on the secondary mortgage market. Freddie Mac is the common name for the Federal Home Loan Mortgage Corporation (FHLMC).

A public owned corporation, like Fannie Mae, that provides funding and liquidity to the secondary mortgage market.

A nickname for the Federal Home Loan Mortgage Corporation, a federally sponsored agency which buys and sells government-backed and conventional mortgages.

Federal Home Loan Mortgage Corporation. A federal agency that purchases both conventional and federally insured first mortgages from members of the Federal Reserve System and the Federal Home Loan Bank System.

A nickname for Federal Home Loan Mortgage Corporation, (FHLMC), a corporation wholly owned by the Federal Home Loan Bank System that purchases FHA, VA, and conventional mortgages.

The Federal Home Loan Mortgage Corporation (also FHLMC), a private corporation that is federally chartered to purchases and sells mortgage loans; a major player in the secondary market, along with the Federal National Mortgage Associate (FNMA)

Is a quasi-governmental agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers. Also known as Federal Home Loan Mortgage Corporation.

Federal Home Loan Mortgage Corporation—a federal government-sponsored enterprise which purchases mortgages made by lenders.

Organizations created by Congress that buys mortgages in the secondary market from lenders to encourage home lending to consumers. These were created as corporations overseen by the government and set up mortgage industry guidelines for loans made available in the open market. The great majority of home loans are bought by these companies.

Formerly known as the Federal Home Loan Mortgage Corp., a government-sponsored enterprise that buys mortgages from savings and loan associations, pools them with other loans and sells the debt to investors.

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.

Freddie Mac is a shareholder-owned corporation that buys mortgages from banks and other lenders, packages them as securities, and resells them to investors. Freddie Mac provides the dual consumer benefit of providing funds for mortgage lending and offering the opportunity to invest in high-yielding investments backed by the federal government. Its shares are traded on the New York Stock Exchange (NYSE).

A secondary market organization that offers various mortgage purchase and securitizing programs.

FHLMC (Federal Home Loan Mortgage Corporation) One of the congressionally chartered, publicly owned companies that is the largest source of home mortgage funds.

A corporation — Federal Home Loan Mortgage Corporation — that purchases loans from savings and loan lenders within the Federal Home Loan Bank Board. FSBO (For Sale By Owner) A property offered by a seller who is not represented by an agent.

Federal Home Loan Mortgage Corporation (FHLMC). Commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans and sells shares to investors.

A private corporation authorized by Congress in 1970 to provide secondary mortgage market support for conventional mortgages originated by Savings and Loan Associations.