Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC) (NYSE: FRE), which stands for Federal Corporation for Mortgage Loans and is known as Freddie Mac, was a publicly traded, government-guaranteed -sponsored enterprise or GSE), authorized to grant and guarantee loans.

It was created in 1970 to expand the secondary mortgage market in the country. In 2008 it was intervened by the FHFA.

The name Freddie Mac is a phonetic creation, based on the acronym of the company, which allows you to identify it more easily.

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