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what is...
FREDDIE MAC
Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders With funds for new homebuyers.
ALSO SEE: NON-CONFORMING MORTGAGE, CONFORMING MORTGAGE, JUMBO MORTGAGE, FHLMC

    Courtesy of the Mortgage Glossary
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