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Freddie Mac |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson | 0.02 sec. |
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Freddie Mac: see Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, privately owned, government-sponsored organization that uses private capital to buy home mortgages as a means to help lower housing costs. ..... Click the link for more information. . |
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A mortgage originator could either commit to selling a mortgage to Freddie Mac at a specific price and pay a small application fee, or obtain pre-approval for a later purchase of a mortgage at a variable price (along with a degree of interest-rate risk protection) and pay a larger "commitment fee. The nation's home builders applauded House passage of legislation that would strengthen the regulation of government-sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Banks, while preserving their mission. Freddie Mac has new loan products Mortgage giant Freddie Mac is touting a new duo of loan products that will help people buy a house with as little as $500 out of pocket, good news in markets like this one featuring record prices. |
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Freddie Mac