Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • proper noun finance Widely-used nickname for the Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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

Etymologies

from The American Heritage® Dictionary of the English Language, 4th Edition

[Alteration of Fed(eral Home Loan) M(ortgage) C(ompany).]

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