Freddie Mac | Mortgage Glossary | Realestateagent.com

Definition of "Freddie Mac"

One of two federal agencies that purchase home loans from lenders. The other is Fannie Mae.

Something that cannot be taken, returned, or revoked. An example is an irrevocable trust formed by a ...

Monetary sum paid to an intermediary who acts as the contact between the lender (an insurance compan ...

Sickness incurred by the insured that does not require restriction of activity to the indoors. ...

Clause in a disability income insurance policy that will adjust the amount of the monthly income pay ...

Court that presides over estate distribution settlements, documentation of wills, and the appointmen ...

A flexible price that may be adjusted. A resolved situation between two or people or parties t ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews