Freddie Mac English

Meaning Freddie Mac meaning

What does Freddie Mac mean?

Freddie Mac

— noun (= Federal Home Loan Mortgage Corporation) a corporation authorized by Congress to provide a secondary market for residential mortgages

Synonyms Freddie Mac synonyms

What other words have the same or similar meaning as Freddie Mac?

Freddie Mac English » English

Federal Home Loan Mortgage Corporation

FHLMC

Examples Freddie Mac examples

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News and current affairs

Much of it went into US treasuries and the obligations of Fannie Mae and Freddie Mac.

They bought only government paper and securitized real-estate instruments that were issued by the semi-public bodies Fannie Mae and Freddie Mac.

With the nationalization of America's two giant mortgage banks, Fannie Mae and Freddie Mac, following the nationalization earlier this year of Britain's Northern Rock, governments have started stepping in again to prevent market meltdowns.

Their ill-conceived interventions - notably the US-backed mortgage underwriters Fannie Mae and Freddie Mac, as well as the Community Reinvestment Act - distorted market incentives.

The world's most populous country is the largest foreign creditor of the US government and government-sponsored enterprises such as Fannie Mae and Freddie Mac.

No surprise, then, that the large financial firms that failed - Bear Stearns, Fannie Mae and Freddie Mac, AIG, and Lehman Brothers - had the highest leverage, in the range of 30 or 40 times their capital.

In the US, this occurred through implicit guarantees of assets held by the Federal Housing Administration (FHA) and the mortgage agencies Fannie Mae and Freddie Mac.

Certainly the US Congress was clueless; its members were still busy lobbying for the government-backed housing-mortgage agencies Fannie Mae and Freddie Mac, thereby digging the hole deeper.

Only they could quickly come to the assistance of the giant housing finance institutions US Fannie Mae and Freddie Mac, and then deal with AIG.

The list of examples is long, but it includes subsidies to large corporate farms, tariffs to protect the steel industry, and, most recently, the mega-bail-outs of Bear Stearns, Fannie Mae, and Freddie Mac.

The FCIC Republicans point the finger firmly at Fannie Mae, Freddie Mac, and other government-sponsored enterprises that supported housing loans by providing guarantees of various kinds.

A key problem with Fannie Mae and Freddie Mac, for instance, was that their regulator failed to do its job of uncovering the massive accounting fraud embedded in their books.

In the US, the penalties have been dominated by fines for sales of misleadingly marketed mortgage-backed securities, often to the two government supported entities Fannie Mae and Freddie Mac.

When the US Treasury announced a bailout of mortgage giants Fannie Mae and Freddie Mac in July, the rally lasted just four weeks.

NEW HAVEN - The United States government's takeover of mortgage giants Fannie Mae and Freddie Mac constitutes a huge bailout of these institutions' creditors, whose losses have ballooned as house prices continue to plummet.