Freddie Mac
Federal Home Loan Mortgage Corporation (FHLMC) also called "Freddie Mac" - a quasi-governmental, federally sponsored organization that acts as a secondary market investor to buy and sell mortgage loans.
FHLMC sets many of the guidelines for conventional mortgage loans, as does FNMA.
Freddie Mac purchases loans from members of the Federal Reserve and the Federal Home Loan Bank Systems, securitizes them and sells
FHLMC mortgage backed securities on wall street.
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