Federal Home Loan Mortgage Corporation (FHLMC)
Definition of "Federal Home Loan Mortgage Corporation (FHLMC)"
Is a stockholder-owned corporation known as Freddie Mac. Freddie Mac purchases investment-quality mortgage from lenders and packages from lenders and packages them as securities which are re-sold to investors such as insurance companies and pension funds. These securities are guaranteed by Freddie Mac.. FHLMC has been instrumental in reducing mortgage financing costs thereby lowering housing costs as well as increasing the supply of residential mortgages. Freddie Mac has an 18-member board of directors. Thirteen board members are elected, and five are appointed by the President of the United States.
Popular Real Estate Terms
The grantee who is the tenant of a life estate. When the tenant dies, the estate goes back to the grantor. For example, President Eisenhower and his wife, Mamie, were life tenants of the ...
Amount awarded by a government when a person's property is condemned and he must move. ...
Mortgage loan not insured or guaranteed by a governmental agency such as the Federal Home Administration or the Veterans Administration. This type of loan is repayable in fixed monthly ...
Designing a home with a Spanish cultural flavor. ...
Regarding the definition of the term adjoining, we see a term used most often to describe a particular position that objects, items, or properties have regarding each other. In the case of ...
Restoring real property to an improved state. The restoration is usually needed because the property's condition has worsened. ...
A narrow passageway between buildings providing secondary rear access. ...
Right to substantive real or personal property having tangible body and form. For example, a corporeal right to a house, property, furniture, or fixtures. ...
The float has several meanings in the financial world and the real estate terminology. Typically, the float refers to the number of funds, represented by checks, that an institution or an ...
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