Federal Home Loan Mortgage Corporation (Noun)
Meaning
A corporation authorized by Congress to provide a secondary market for residential mortgages.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Federal Home Loan Mortgage Corporation plays a crucial role in maintaining liquidity in the mortgage market by purchasing mortgages from lenders.
- The mission of the Federal Home Loan Mortgage Corporation is to promote stability and affordability in the US housing market.
- In order to qualify for Federal Home Loan Mortgage Corporation financing, borrowers must meet certain income and credit requirements.
- The Federal Home Loan Mortgage Corporation typically bundles mortgages into mortgage-backed securities and sells them to investors.
- Through its mortgage securitization activities, the Federal Home Loan Mortgage Corporation has supported millions of American homeowners.