Business / Real Estate / Federal Home Loan Mortgage Corporation (FHLMC): Commonly known as Freddie Mac, a federally chartered corporation established in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac was created as a part of the savings association system and, while it is not so limited, its loan purchase policies are designed to accommodate savings association needs. It functions with an independent board of directors but is subject to oversight by HUD.
Home Adjective Synonyms: dwelling-place, residence, domicile, abode, dwelling, house, (living) quarters, habitation, lodging(s), accommodation or accommodations, place, digs, diggings
Home Noun Synonyms: (home) base, residency, territory, haunt, home ground, bailiwick, stamping-ground
Business / Finance / Mortgage Pool: A group of mortgages with similar class, interest rate, and maturity characteristics. MORE
Business / Debt / Mortgage Protection: Term assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is graduall MORE