What does Freddie Mac Stand for?

Freddie mac stands for The Federal Home Loan Mortgage Corporation (FHLMC), an enterprise sponsored by the United States Federal Government, with its headquarters in Tyson’s Corner CDP in Fairfax, Virginia, It was created in 1970 to expand the secondary market for mortgages, and buys mortgages on the secondary market, pools them, and then sells them as mortgage-backed securities to investors on the open market. This helps to increase the money available for mortgage lending and for new home purchases. To find out more, please visit this website,