Freddie Mac
Housing loan backer
Freddie Mac is the Federal Home Loan Mortgage Corporation, a government-sponsored enterprise that buys mortgages from lenders and packages them into securities for investors.
Along with its counterpart Fannie Mae, Freddie Mac provides liquidity to the U.S. housing market by enabling banks to make more loans: Freddie Mac reported quarterly earnings above expectations.
Gradual debt reduction schedule
- borrowerOne who takes temporarily
- refinanceObtain new loan terms
- foreclosureLender seizes mortgaged property
- underwritingRisk evaluation and acceptance
loan-to-value · origination · preapproval · principal · default · modification · repayment · conforming
Federal mortgage corporation
- conservatorshipCourt-appointed care management
- charterFounding organizational document
- guaranteeFormal promise of fulfillment
- securitizationBundling debts into investable instruments
pass-through · bailout · nationalization · taxpayer · liquidity · regulator · government-backed · quasi-governmental
Virginia suburb, spy headquarters
- headquartersCentral command location
- stockholderOwner of company shares
- CEOTop corporate officer
- boardFlat rigid panel
earnings · quarterly · stock · portfolio · enterprise · subsidiary · investor · 2008
Legally possessing residential property
- affordabilityState of being purchasable
- residentialRelating to housing
- single-familyFor one household only
- multifamilyHousing multiple separate households
rental · suburban · urban · inventory · homebuyer · property · real-estate · dwelling
amortization
Gradual debt reduction schedule
- borrowerOne who takes temporarily
- refinanceObtain new loan terms
- foreclosureLender seizes mortgaged property
underwriting · loan-to-value · origination · preapproval · principal · default · modification · repayment · conforming · servicing
Fannie Mae
Federal mortgage corporation
- conservatorshipCourt-appointed care management
- charterFounding organizational document
- guaranteeFormal promise of fulfillment
securitization · pass-through · bailout · nationalization · taxpayer · liquidity · regulator · government-backed · quasi-governmental
McLean
Virginia suburb, spy headquarters
- headquartersCentral command location
- stockholderOwner of company shares
- CEOTop corporate officer
board · earnings · quarterly · stock · portfolio · enterprise · subsidiary · investor · 2008 · restructuring
homeownership
Legally possessing residential property
- affordabilityState of being purchasable
- residentialRelating to housing
- single-familyFor one household only
multifamily · rental · suburban · urban · inventory · homebuyer · property · real-estate · dwelling · household
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- Federal ProgramsSocial Security, Medicare, Medicaid, food stamps, SNAP
- Financial Crisisfinancial crisis, Great Recession, recession, credit crisis, bank failures
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- housing crisishousing bubble, housing crash, subprime mortgages, foreclosures, subprime loans
- Mortgage LendersFannie Mae, mortgage brokers
Freddie Machedge funds
Pooled alternative investment vehicles