Federal Home Loan Mortgage Corporation (FHLMC)

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.

Other Words for Home

Home Noun Synonyms: (home) base, residency, territory, haunt, home ground, bailiwick, stamping-ground
Home Adjective Synonyms: dwelling-place, residence, domicile, abode, dwelling, house, (living) quarters, habitation, lodging(s), accommodation or accommodations, place, digs, diggings
MORE

Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
MORE

Mortgage Pool

Business / Finance / Mortgage Pool: A group of mortgages with similar class, interest rate, and maturity characteristics. MORE

Mortgage Protection

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

Mortgage Pipeline Risk

Business / Finance / Mortgage Pipeline Risk: The risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period. MORE

Links
Home
Glossary
Thesaurus