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
Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term. ...
The Debt-to-Income Ratio’s (DTI) definition is a measure that allows one to compare the ability an individual has to afford a monthly debt payment out of their monthly gross income. ...
Unit of metric are measurement where one hectare is equivalent to 2.471 acres or 107,637 square feet. For example, a 3 hectare parcel of property is equivalent to 7.413 acres or 322,911 ...
Latitude line selected as a reference in the rectangular survey system. ...
A Seller’s Market is the opposite of a Buyer’s Market. It’s that moment when conditions of the Real Estate Market are more favorable to Home Sellers than to Home ...
Written statements about a person or business that are malicious, unfounded, and damaging. It is the basis for legal action. ...
Loan secured by the pledge of specific collateral. ...
The Graduate, REALTOR® Institute is a designation given to real estate agents who have completed the curriculum developed as an educational attainment program by the National ...
Also called the Rule of the Sum of the Digits. An approach that bank use to formulate a loan amortization schedule. It results in a borrower paying more interest in the beginning of a ...
Have a question or comment?
We're here to help.