Federal Home Loan Mortgage Corporation (FHLMC/FREDDIE MAC) Financial Glossary

What is it? A private corporation authorized by Congress. It sells participation sales certificates secured by pools of conventional mortgage loans, their prinipcal and interest guaranteed by the federal government through the FHLMC. It also sells Government National Mortgage Association bonds to raise funds to finance the purpose of mortgages.

Finance Term Definition Added By: Mckenna

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