What is actually Freddie Mac computer-Government Mortgage Financial Corp. (FHLMC)?
Brand new Federal Mortgage Mortgage Corp. (FHLMC) is a shareholder-possessed, government-backed corporation (GSE) chartered from the Congress inside 1970 to save currency moving to home loan loan providers, which in turn supports homeownership and you can rental casing getting center-income People in the us. This new FHLMC, familiarly also known as Freddie Mac computer, instructions, promises, and you may securitizes home loans that’s a mainstay of your supplementary financial field.
Secret Takeaways
- Freddie Mac computer ‘s the theoretically recognized moniker toward Government Domestic Financing Mortgage Corp. (FHLMC).
- Freddie Mac was a stockholder-owned, government-backed corporation (GSE) chartered because of the Congress in 1970 to get homeownership to possess center-income People in the us. Continue reading “Freddie MacGovernment Mortgage Financial Corp. (FHLMC)”