| Freddie Mac (FHLMC) |
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Freddie Mac - A nickname for the Federal Home Loan Mortgage Corporation (FHLMC). They are a federally chartered corporation that purchases residential mortgages, then sells and insures securities, called Mortgage-Backed Securities (MBS), based on those mortgages to investors. Loans that fall within Freddie Mac's underwriting guidelines, and therefore may be bought and securitized by Freddie Mac, are called conforming loans. |
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