What does fhlmc mean?

Definitions for fhlmc
fhlmc

This dictionary definitions page includes all the possible meanings, example usage and translations of the word fhlmc.

Princeton's WordNet

  1. Federal Home Loan Mortgage Corporation, Freddie Mac, FHLMCnoun

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

Wikipedia

  1. fhlmc

    The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia. 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, pools them, and sells them as a mortgage-backed security (MBS) to private 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 FHLMC initialism of the company's full name that was adopted officially for ease of identification. On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades". As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008, and dropped a further 50% on June 16, 2010, when the Federal Housing Finance Agency ordered the stocks delisted. In 2008, the yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt. The housing market and economy eventually recovered, making Freddie Mac profitable once again. Freddie Mac is ranked No. 56 on the 2022 Fortune 500 list of the largest United States corporations by total revenue, and has $3.026 trillion in assets under management.

ChatGPT

  1. fhlmc

    The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly-traded corporation created by the U.S government. Its purpose is to facilitate a secondary market for mortgages, buying and selling mortgage loans to ensure that money is consistently available for home loans. By investing in residential mortgages, Freddie Mac helps make mortgages more available and affordable for homebuyers.

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Numerology

  1. Chaldean Numerology

    The numerical value of fhlmc in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of fhlmc in Pythagorean Numerology is: 6

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"fhlmc." Definitions.net. STANDS4 LLC, 2024. Web. 30 Oct. 2024. <https://www.definitions.net/definition/fhlmc>.

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