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Federal Home Loan Mortgage Corporation

From Longman Business DictionaryFederal Home Loan Mortgage CorporationˌFederal ˌHome Loan ˈMortgage Corpoˌration abbreviation FHLMC nounORGANIZATIONSFINANCEBANKING a US government organization that buys home loans from commercial banks and arranges for them to be resold as SECURITIES on the financial markets. The money obtained is then used to make more loans to home buyers SYN FREDDIE MACOne of the biggest issuers was Federal Home Loan Mortgage Corp., which sold $300 million of seven-year debentures priced to yield 6.86%.
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