FHLMC
Business & Finance abbreviation · Real Estate & Mortgage
| Stands for | Federal Home Loan Mortgage Corporation |
|---|---|
| Categories | Business & Finance |
FHLMC stands for Federal Home Loan Mortgage Corporation, a real estate & mortgage abbreviation.
Government-sponsored enterprise known as Freddie Mac that buys conventional mortgages from lenders, securitizes them and guarantees payments to investors, operating alongside Fannie Mae in the conforming loan market.
Example: The appraisal has to meet FHLMC guidelines since the loan will be sold to Freddie.
Usage notes
Chartered by Congress in 1970 to create competition for Fannie Mae. Its weekly Primary Mortgage Market Survey, published since 1971, is the most widely quoted measure of US mortgage rates. It has been in conservatorship since 2008.
Related abbreviations
More real estate & mortgage abbreviations
- DST – Delaware statutory trust
- EIK – Eat-in kitchen
- EMD – Earnest money deposit
- FAR – Floor area ratio
- FF&E – Furniture, fixtures and equipment
- FHA – Federal Housing Administration
- FNMA – Federal National Mortgage Association
- FP – Fireplace
- FR – Family room
- FRM – Fixed-rate mortgage
- FSBO – For sale by owner
- FTHB – First-time homebuyer