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
Device that cuts off an electric circuit when the current becomes to strong. ...
Property that is unoccupied and thus not being used. It is usually raw land with no structure or improvements theron. ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
What is Novation? What is the definition of novation? Jointly agreeing to provide an equivalent legal obligation or debt for a previous one. Persons to the contract can also be ...
Person or business that provides an option to someone else. ...
A Construction method of using twice the number of framing members to provide additional structural strength. ...
Financial institution that services savings and checking accounts, provides loans, and deals with negotiable instruments. Stringent federal and local regulations exist over banking ...
Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by ...
Have a question or comment?
We're here to help.