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<a href="http://www.encyclopedia.com/doc/1E1-FedHLMC.html" title="Facts and informations about Federal Home Loan Mortgage Corporation">Federal Home Loan Mortgage Corporation</a>

Federal Home Loan Mortgage Corporation

Federal Home Loan Mortgage Corporation commonly known as Freddie Mac, privately owned, government-sponsored organization that uses private capital to buy home mortgages as a means to help lower housing costs. A sister institution to the Federal National Mortgage Association (Fannie Mae), as well as a sometime competitor, Freddie Mac aims to foster liquidity, stability, and affordability in the U.S. mortgage market to give Americans the opportunity to afford housing. Chartered by Congress in 1970, it purchases mortgages from a variety of lenders and issues numerous publicly offered securities backed by those mortgages; it also retains some securities in its portfolio. One of the country's biggest buyers of home mortgages, by the early years of the 21st cent. Freddie Mac had provided help to over 46 million families, or approximately one in every six American homes. However, disclosures in 2003 that Freddie Mac had misstated its earnings for 2000-2002 damaged its credibility. In 2008 housing-market and mortgage-default problems that began in 2007 led to significant losses at Freddie Mac and concerns about its undercapitalization and possible bankruptcy. It and Fannie Mae, which was in less severe financial straits, were taken over by the federal government in Sept., 2008, in an attempt avoid a collapse of confidence in the U.S. mortgage-financing system. Freddie Mac has its headquarters in McLean, Va.

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

	Shoot-Out AT Gucci Gulch.(regulatory scheme for Fannie Mae and Freddie Mac) Magazine article from: Mortgage Banking; 5/1/2001; ; 700+ words ; ...regulatory scheme for Fannie Mae and Freddie Mac. After a nasty interlude...government-sponsored mortgage goliaths Fannie Mae and Freddie Mac, in one corner, and in...of $2.223 billion. Like Freddie Mac, Fannie Mae is traded on the New York... Read more
	Fussing and fuming over Fannie Mae and Freddie Mac.(Research Notes and News) Magazine article from: EconSouth; 12/22/2004; 244 words ; Fannie Mae and Freddie Mac are the second- and third-largest...them. The largest benefit to Fannie Mae and Freddie Mac of their GSE status is the financial...the efficiency implications of Fannie Mae and Freddie Mac for mortgage markets and ... Read more
	Freddie Mac launches workout, REO rental programs to curb foreclosures.(Briefing Book)(Federal Home Loan Mortgage Corp.)(real estate-owned) Magazine article from: Mortgage Banking; 3/1/2009; 545 words ; Freddie Mac announced in early...the full range of Freddie Mac workout opportunities...Finance Agency, Fannie Mae and the HOPE NOW...Ingrid Beckles, Freddie Mac's senior vice president...Beckles said that Freddie Mac has selected Ocwen...counselors to handle ... Read more
	Privatize Fannie Mae and Freddie Mac: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation make mortgage markets inefficient, choke off competition, and help only the affluent. Magazine article from: USA Today (Magazine); 7/1/1998; ; 700+ words ; ...that, were it not for Freddie Mac and Fannie Mae, these people would not...buy their first home. Freddie Mac and Fannie Mae indirectly assist homebuyers...loans, and mortgage banks. Freddie Mac and Fannie Mae, in turn, generally get... Read more
	Freddie Mac's new approach.(Federal Home Loan Mortgage Corp.) Magazine article from: Mortgage Banking; 8/1/2006; ; 700+ words ; ...Microsoft Corporation, Freddie Mac, Chase Manhattan Mortgage...Tuttle Decision Systems to Freddie Mac (April 2001). The mortgage...the direction that both Fannie Mae and Freddie Mac were taking in relation...May 2001, David Glen, Freddie Mac's vice ... Read more
	Goal-oriented: Fannie Mae and Freddie Mac every year are required to meet affordable housing goals set by the Department of Housing and Urban Development (HUD). As we approach a new deadline for setting the 2004 goals, HUD may be considering putting more teeth into the goals.(Cover report: legislative / regulatory) Magazine article from: Mortgage Banking; 9/1/2003; ; 700+ words ; ...government-sponsored enterprises (GSEs)-Fannie Mae and Freddie Mac--will be tapped to help deliver on that goal. Fannie Mae and Freddie Mac play a critical role in...underwriting ground rules. Fannie Mae and Freddie Mac are federally ... Read more
	BIG Competition.(Fannie Mae and Freddie Mac) Magazine article from: Mortgage Banking; 5/1/2001; ; 700+ words ; Both Fannie Mae and Freddie Mac have boosted their activity...government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are playing in the market...an originator of loans for Fannie Mae and Freddie Mac. Last year, 50 percent of... Read more
	Freddie Mac puts multi-family guide on CD-ROM.(Focus on: Banking and Finance)(Federal Home Loan Mortgage Corp.) Magazine article from: Real Estate Weekly; 3/17/1999; 432 words ; Freddie Mac has announced that its Multifamily Seller/Servicer...customers fast, easy and searchable access to Freddie Mac's multifamily lending guidelines and forms. Licensed by the site, Freddie Mac's Multifamily E-Guide can be installed onto... Read more
	THE FANNIE/FREDDIE TEASE.(Fannie Mae and Freddie Mac gear for battle with home loan banks over future role)(Brief Article) Magazine article from: The International Economy; 5/1/2000; 416 words ; ...quasi government agencies Fannie Mae, Freddie Mac, and the so-called home...this year on the role of Fannie Mae and Freddie Mac. But he quickly makes...happening here is that Fannie Mae and Freddie Mac enjoy perhaps the most... Read more
	Freddie Mac integrates X.400 and applications. (Federal Home Mortgage Corp.) Magazine article from: Communications News; 8/1/1992; 700+ words ; Freddie Mac, the Federal Home Loan Mortgage Corp...of mortgages. Located in McLean, Va., Freddie Mac receives mortgages from 5,000 to 6,000...investors is no small feat, and today Freddie Mac is about to implement an X.400-based... Read more

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Related entries from encyclopedias, dictionaries, and thesauruses

	Federal Home Loan Mortgage Corporation Book article from: A Dictionary of Business and Management Federal Home Loan Mortgage Corporation ( FHLMC ) A corporation...the USA in 1970 to buy mortgages from savings and loan associations in order...securities. The stock of the corporation is held by the Federal Home Loan Banks . The FHLMC is ... Read more
	Home Owners' Loan Corporation Dictionary entry from: Dictionary of American History ...OWNERS' LOAN CORPORATION HOME OWNERS' LOAN CORPORATION. For middle-cla...America the Home Owners' Loan Corporation, founded...included a home of one's...restrictive mortgage system. Usually...that brief loan period, mortgage...urging of the ... Read more
	Federal National Mortgage Association Encyclopedia entry from: West's Encyclopedia of American Law ...purpose is to buy federally guaranteed home mortgages on the secondary...available for new mortgages for lowto middle-income home buyers. Tighter federal regulation began...privatized. A broad federal response to the...of banks, made mortgage financing extremely...by ... Read more
	Federal National Mortgage Association Charter Act (1954) Book article from: Major Acts of Congress ...fees to collect loan payments from...investment in home mortgages through the secondary...intended to make mortgage funds more readily...secondary market, most home mortgages were made by local savings and loan institutions using...a savings and loan depended on ... Read more
	Government National Mortgage Association Encyclopedia entry from: West's Encyclopedia of American Law GOVERNMENT NATIONAL MORTGAGE ASSOCIATION The...Government National Mortgage Association...Ginnie Mae, is a corporation wholly owned by the federal government. Created...to support the federal government's...of residential mortgages. During the late 1960s, the federal government ... Read more

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