Freddie Mac, also known as the Federal Home Loan Mortgage Corporation (FHLMC), is "a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. By doing so, we ultimately help homeowners and renters get lower housing costs and better access to home financing." Also see Mission.
- Federal Home Loan Mortgage Corporation Act, Sec. 301. [12 U.S.C. note to 1451.]
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