Freddie Mac. The federal home loan mortgage corporation (FHLMC), also known as Freddie Mac, is one of the federal government’s government sponsored enterprises (gses). The purpose of the FHLMC is to improve access to homeownership across the country. Since the FHLMC plays an important role in the secondary mortgage market,…

freddie mac foreclosures: Cheap Properties Get Cheaper. Freddie Mac foreclosures are government sponsored and financed real estate where the mortgages have gone into default. Both Fannie Mae foreclosures and Freddie mac foreclosed properties are available to homebuyers and investors at extremely fair prices. Although these agencies try to make buying property affordable in the first place, …

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Federal Home Loan Mortgage Corporation (Freddie Mac) A private corporation founded by Congress, the Federal Home Loan Mortgage corporation’s mission is to promote stability and affordability in the housing market by purchasing mortgages from banks and other loan makers. The corporation is currently under conservatorship, under the direction of the Federal Housing Finance Agency.

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