Freddie Mac

Freddie Mac //

a US financial institution which buys and sells loans and mortgages to banks and other financial institutions, but does not deal with ordinary borrowers. It was started in 1970 to provide competition for the Fannie Mae organization in the secondary mortgage market. Its full name is the Federal Home Loan Mortgage Corporation.

From Longman Business Dictionary

Freddie MacFred·die Mac /ˌfredi ˈmæk/ noun trademarkFINANCEBANKINGORGANIZATIONS

an informal name for the FEDERAL HOME LOAN MORTGAGE CORPORATION

Freddie Mac will finance mortgages for homebuyers in predominantly minority neighborhoods with low ownership rates, working with borrowers until they qualify for loans.

单词	Freddie Mac
释义	Freddie Mac Freddie Mac // a US financial institution which buys and sells loans and mortgages to banks and other financial institutions, but does not deal with ordinary borrowers. It was started in 1970 to provide competition for the Fannie Mae organization in the secondary mortgage market. Its full name is the Federal Home Loan Mortgage Corporation. From Longman Business Dictionary Freddie MacFred·die Mac /ˌfredi ˈmæk/ noun trademarkFINANCEBANKINGORGANIZATIONS an informal name for the FEDERAL HOME LOAN MORTGAGE CORPORATION Freddie Mac will finance mortgages for homebuyers in predominantly minority neighborhoods with low ownership rates, working with borrowers until they qualify for loans.
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