Freddie Mac
Freddie Mac | Definition
Federal Home Loan Mortgage Corporation (FHLMC). Freddie Mac is a shareholder-owned corporation dedicated to making the American dream of decent, affordable housing a reality. Established in 1970, Freddie Mac specializes in purchasing and securitizing home mortgages. By doing so, the corporation ultimately provides homeowners and renters with lower housing costs and better access to home financing.
Between 1970 and 1997, Freddie Mac has financed homes for 20 million families -- equal to one of every six homes in America.
For more information, see the Freddie Mac web site.
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