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Federal Home Loan Mortgage Corporation or FHLMC aka Freddie Mac

Federal Home Loan Mortgage Corporation or FHLMC aka Freddie Mac

A well-known government enterprise that functions as a secondary market for residential mortgages in the United States. The company buys individual home loans from banks and other mortgage lenders, pools them together, and then sells them to investors as mortgage-backed securities. This process helps increase the availability of funds for future lending, promoting homeownership and improving liquidity in the housing market. Overall, Freddie Mac plays a significant role in the U.S. mortgage industry, providing stability and support to both lenders and borrowers alike. While the company has faced challenges in the past, its ongoing efforts to promote innovation and collaboration continue to make it an essential component of the housing finance system.
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