Freddie Mac

Definition of "Freddie Mac"
  1. A government-sponsored enterprise that purchases mortgages in order to securitize them into mortgage-backed securities
How to use "Freddie Mac" in a sentence
  1. Freddie Mac purchased the homeowner's mortgage from the bank, converting it into a mortgage-backed security.
  2. Freddie Mac's role in the mortgage market helps lenders free up their resources to issue more loans.
  3. The mortgage was eligible for purchase and securitization by Freddie Mac.

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