Freddie Mac
/frɛdi ˈmak
/informal
The Federal Home Loan Mortgage Corporation, a US corporation that trades in mortgages.And that's a perk that Freddie Mac has lobbied heavily to maintain over the last 10 years....
- Even though this forced Freddie Mac to take accounting charges this quarter, it is good for the industry, he said.
- Losses came in derivatives, which are the complex financial instruments that Freddie Mac uses to hedge against swings in interest rates.
Origin
1970s: loosely from the initial letters of Federal Home Loan Mortgage Corporation, on the model of Fannie Mae.