Freddie Mac - Wikipedia, the free encyclopedia
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.[2][3]
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with the Federal National Mortgage Association (Fannie Mae), Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market
increases the supply of money available for mortgage lending and
increases the money available for new home purchases. The name, "Freddie
Mac", is a variant of the initialism of the company's full name that had been adopted officially for ease of identification.
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government-sponsored enterprise (GSE)
Enterprise sponsored government?
"In the last decade Fannie May and Freddy Mac have donated more than two
hundred million dollars to politicians in Washington. Enterprise
Sponsored Government. I asked the Former Freddie Mac Chief Economist,
what they got for their money?" - Overdose ~ documentary
~~~~~~~~~~~~~~~~~~~~~~~~~~~'
FINANCIAL CRISIS
Vocabulary - Expressions:
We are in the MIDST of a financial crisis...
Have you taken a large HOME LOAN?...
We have to get the DICES ROLLING AGAIN...
The Congress wanted to BAILOUT the auto workers...
because the CLOCK IS TICKING and tie is not working in our favor...
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.[2][3]
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with the Federal National Mortgage Association (Fannie Mae), Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market
increases the supply of money available for mortgage lending and
increases the money available for new home purchases. The name, "Freddie
Mac", is a variant of the initialism of the company's full name that had been adopted officially for ease of identification.
-------------------
government-sponsored enterprise (GSE)
Enterprise sponsored government?
"In the last decade Fannie May and Freddy Mac have donated more than two
hundred million dollars to politicians in Washington. Enterprise
Sponsored Government. I asked the Former Freddie Mac Chief Economist,
what they got for their money?" - Overdose ~ documentary
~~~~~~~~~~~~~~~~~~~~~~~~~~~'
FINANCIAL CRISIS
Vocabulary - Expressions:
We are in the MIDST of a financial crisis...
Have you taken a large HOME LOAN?...
We have to get the DICES ROLLING AGAIN...
The Congress wanted to BAILOUT the auto workers...
because the CLOCK IS TICKING and tie is not working in our favor...
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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