Freddie Mac

English

Etymology

Modeled after Fannie Mae.

Proper noun

Freddie Mac

1. (finance, informal) The Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association (FNMA).

   Hypernym: GSE

   • 2009 April 22, Megan McArdle, “Freddie Mac CFO Commits Suicide”, in The Atlantic‎^[1]:

     The acting CFO of Freddie Mac has been found dead in his basement, an apparent suicide. He's one of the executive team who has been clashing with regulators over how much to disclose about the ways the government has been running the company for its benefit, rather than that of the shareholders.

See also

• Fannie Mae
• Ginnie Mae
• Sallie Mae