Federal Home Loan Mortgage Corporation


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Related to Federal Home Loan Mortgage Corporation: Freddie Mac
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Synonyms for Federal Home Loan Mortgage Corporation

a corporation authorized by Congress to provide a secondary market for residential mortgages

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References in periodicals archive ?
Freddie Mac is the nickname for the Federal Home Loan Mortgage Corporation that purchases residential mortgages, securitizes them, and sells them to investors to provide lenders with funds for new homebuyers.
CFS Bank participated in the New York City Housing Partnership New Homes Program, which subsidized the purchase of homes for certain first-time buyers through financing from conventional loan products offered by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
The secondary market for mortgage loans has been one of the fastest-growing markets in the past two decades and many of these mortgages are securitized by the Federal National Mortgage Association (FNMA), the Government National Mortgage Association (GNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
First Michigan Bank, the subsidiary of Troy, Michigan-based First Michigan Bancorp Inc, has said that it has regained the approval of The Federal Home Loan Mortgage Corporation (Freddie Mac) to sell and service mortgages in the Port Huron community and throughout Michigan.
The Federal Home Loan Mortgage Corporation made a mortgage loan to a limited partnership which owned a building in Brooklyn.
The Federal Home Loan Mortgage Corporation has been pursuing a similar strategy regarding the deregulation of co-op units on which it has foreclosed.
Depository institutions generally had higher portfolio and market shares than the two for-profit government-sponsored enterprises that are active in the secondary market, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
3 million at an auction from the Federal Home Loan Mortgage Corporation.
Finally, lenders may sell the mortgage to a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or to another secondary market institution under terms in which they shed the credit risk associated with the mortgage - that is, the secondary market institution will have no recourse to the seller in the event of default by the borrower.
in which he vacated a foreclosure sale held pursuant to a judgment obtained by the Federal Home Loan Mortgage Corporation ("Freddie Mac") because of Freddie Mac's failure to have served a notice of the sale upon the attorney for the mortgagor who had appeared in the action.
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