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What does Federal Home Loan Mortgage Corporation mean?

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Federal Home Loan Mortgage Corporation
(FHLMC)
Noun


A US government-sponsored enterprise (GSE) that buys residential mortgages chiefly from retail (“thrift”) banks, pools and packages the loans, and then sells them in the open market as mortgage-backed securities (MBSs).

Synonym(s): 
  • Freddie Mac.
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