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What is Understanding Freddie Mac and Its Role about?

The Federal Home Loan Mortgage Corporation (FHLMC), also known as Freddie Mac, is a government-sponsored enterprise chartered by Congress in 1970 to provide liquidity to mortgage lenders and promote homeownership. Freddie Mac purchases, guarantees, and securitizes mortgages to create mortgage-backed securities. Congress established Freddie Mac to expand the secondary mortgage market and reduce interest rate risk for banks. In 1989, Freddie Mac was reorganized as a shareholder-owned company under the Financi

Author

Suraj Kumar

Language

EN