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Freddie Mac

Index Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia. [1]

77 relations: Acronym, Adjustable-rate mortgage, Agency security, Alaska, Bibliography of Fannie Mae and Freddie Mac, Budget and Accounting Transparency Act of 2014, Canada Mortgage and Housing Corporation, Chief executive officer, Conforming loan, Congressional Budget Office, Conservatorship, Credit, Credit rating, David Kellermann, David M. Moffett, Derivative (finance), Diversified financial, Fannie Mae, Farm Credit System, Federal Agricultural Mortgage Corporation, Federal government of the United States, Federal Home Loan Bank Board, Federal Housing Finance Agency, Federal Reserve System, Federal takeover of Fannie Mae and Freddie Mac, Financial Accounting Standards Board, Financial institution, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Financial services, Fixed-rate mortgage, Forbes, Fortune (magazine), Government National Mortgage Association, Government-sponsored enterprise, Guam, Hawaii, Herbert M. Allison, Investment, James B. Lockhart III, Jumbo mortgage, Maxine B. Baker, McLean, Virginia, Merrill Lynch, Mike Oxley, Money market, Moody's Investors Service, Mortgage law, Mortgage loan, Mortgage underwriting, Mortgage-backed security, ..., Office of Federal Housing Enterprise Oversight, Preferred stock, Public company, Sallie Mae, Scott Garrett, Secondary market, Secondary mortgage market, Securitization, Subordinated debt, Subprime mortgage crisis, The New York Times, Tysons, Virginia, U.S. Securities and Exchange Commission, United States, United States Census Bureau, United States Department of Housing and Urban Development, United States Department of the Treasury, United States dollar, United States federal budget, United States House Committee on Financial Services, United States House of Representatives, United States Treasury security, United States Virgin Islands, United Student Aid Funds, Virginia, Warren Buffett, 113th United States Congress. Expand index (27 more) »

Acronym

An acronym is a word or name formed as an abbreviation from the initial components in a phrase or a word, usually individual letters (as in NATO or laser) and sometimes syllables (as in Benelux).

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Adjustable-rate mortgage

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.

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Agency security

Agency securities are specific securities that are issued by either Ginnie Mae, Fannie Mae, Freddie Mac or the Federal Home Loan Banks.

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Alaska

Alaska (Alax̂sxax̂) is a U.S. state located in the northwest extremity of North America.

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Bibliography of Fannie Mae and Freddie Mac

This is an unannotated bibliography of writings about Fannie Mae and Freddie Mac as well as some material that covers other government sponsored enterprises such as the Federal Home Loan Bank System.

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Budget and Accounting Transparency Act of 2014

The Budget and Accounting Transparency Act of 2014 is a bill that would modify the budgetary treatment of federal credit programs.

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Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation (CMHC) is a Crown corporation of the Government of Canada.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Conforming loan

In the United States, a conforming loan is a mortgage loan that conforms to GSE (Fannie Mae and Freddie Mac) guidelines.

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Congressional Budget Office

The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

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Conservatorship

Conservatorship is a legal concept in the United States.

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Credit

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead promises either to repay or return those resources (or other materials of equal value) at a later date.

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Credit rating

A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting.

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David Kellermann

David B. Kellermann (August 1967 – April 22, 2009) was the acting chief financial officer of Freddie Mac in early 2009.

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David M. Moffett

David McKenzie Moffett (born February 22, 1952) is an American businessman and was formerly the CEO of Freddie Mac.

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Derivative (finance)

In finance, a derivative is a contract that derives its value from the performance of an underlying entity.

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Diversified financial

Diversified financials is a specific category of the Global Industry Classification Standard (GICS) that is used by the financial community.

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Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

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Farm Credit System

The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations.

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Federal Agricultural Mortgage Corporation

The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing.

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Federal government of the United States

The federal government of the United States (U.S. federal government) is the national government of the United States, a constitutional republic in North America, composed of 50 states, one district, Washington, D.C. (the nation's capital), and several territories.

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Federal Home Loan Bank Board

The Federal Home Loan Bank Board (FHLBB) was a board created in 1932 that oversaw the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act.

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Federal Housing Finance Agency

The Federal Housing Finance Agency (FHFA) is an independent federal agency created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, absorbing the powers and regulatory authority of both entities, with expanded legal and regulatory authority, including the ability to place government sponsored enterprises (GSEs) into receivership or conservatorship.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Federal takeover of Fannie Mae and Freddie Mac

The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises (GSEs) Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) by the U.S. Treasury in September 2008.

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Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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Financial Institutions Reform, Recovery, and Enforcement Act of 1989

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s.

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Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

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Fixed-rate mortgage

A fixed-rate mortgage (FRM), often referred to as a "vanilla wafer" mortgage loan, is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float".

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Forbes

Forbes is an American business magazine.

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Fortune (magazine)

Fortune is an American multinational business magazine headquartered in New York City, United States.

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Government National Mortgage Association

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.

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Government-sponsored enterprise

A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress.

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Guam

Guam (Chamorro: Guåhån) is an unincorporated and organized territory of the United States in Micronesia in the western Pacific Ocean.

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Hawaii

Hawaii (Hawaii) is the 50th and most recent state to have joined the United States, having received statehood on August 21, 1959.

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Herbert M. Allison

Herbert Monroe Allison, Jr. (August 2, 1943 – July 14, 2013) was an American businessman who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability from 2009 to 2010.

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Investment

In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.

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James B. Lockhart III

James B. Lockhart III (born 1946) is an American U.S. Navy officer, business executive, and, since September 2009, Vice Chairman of WL Ross & Co.

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Jumbo mortgage

In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.

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Maxine B. Baker

Maxine B. Baker (born February 29, 1952) is an American businesswoman.

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McLean, Virginia

McLean is an unincorporated community and census-designated place (CDP) in Fairfax County in Northern Virginia.

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Merrill Lynch

Merrill Lynch Wealth Management is a wealth management division of Bank of America.

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Mike Oxley

Michael Garver Oxley (February 11, 1944 – January 1, 2016) was an American politician of the Republican Party who served as a U.S. Representative from the 4th congressional district of Ohio.

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Money market

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

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Moody's Investors Service

Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name.

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Mortgage law

A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money.

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Mortgage loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

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Mortgage underwriting

Mortgage underwriting is the process a lender uses to determine if the risk (especially the risk that the borrower will default) of offering a mortgage loan to a particular borrower is acceptable and is a part of the larger mortgage origination process.

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Mortgage-backed security

A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages.

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Office of Federal Housing Enterprise Oversight

The Office of Federal Housing Enterprise Oversight (OFHEO) was an agency within the Department of Housing and Urban Development of the United States of America.

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Preferred stock

Preferred stock (also called preferred shares, preference shares or simply preferreds) is a type of stock which may have any combination of features not possessed by common stock including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.

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Public company

A public company, publicly traded company, publicly held company, publicly listed company, or public corporation is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.

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Sallie Mae

SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.

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Scott Garrett

Ernest Scott Garrett (born July 9, 1959) is an American politician who was the U.S. Representative for, serving from 2003 to 2017.

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Secondary market

The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

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Secondary mortgage market

The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans.

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Securitization

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs).

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Subordinated debt

In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company falls into liquidation or bankruptcy.

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Subprime mortgage crisis

The United States subprime mortgage crisis was a nationwide banking emergency, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Tysons, Virginia

Tysons, also known as Tysons Corner, is a census-designated place (CDP) and unincorporated community in Fairfax County, Virginia, United States.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States Census Bureau

The United States Census Bureau (USCB; officially the Bureau of the Census, as defined in Title) is a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy.

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United States Department of Housing and Urban Development

The United States Department of Housing and Urban Development (HUD) is a Cabinet department in the Executive branch of the United States federal government.

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United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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United States federal budget

The United States federal budget comprises the spending and revenues of the U.S. federal government.

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United States House Committee on Financial Services

The United States House Committee on Financial Services (also referred to as the House Banking Committee) is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking, and housing industries.

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United States House of Representatives

The United States House of Representatives is the lower chamber of the United States Congress, the Senate being the upper chamber.

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United States Treasury security

A United States Treasury security is an IOU from the US Government.

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United States Virgin Islands

The United States Virgin Islands (USVI; also called the American Virgin Islands), officially the Virgin Islands of the United States, is a group of islands in the Caribbean that is an insular area of the United States located east of Puerto Rico.

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United Student Aid Funds

United Student Aid Funds or USA Funds, now known as the Strada Education Network, is a nonprofit corporation that works to enhance postsecondary-education preparedness, access and success by providing and supporting financial and other valued services.

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Virginia

Virginia (officially the Commonwealth of Virginia) is a state in the Southeastern and Mid-Atlantic regions of the United States located between the Atlantic Coast and the Appalachian Mountains.

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Warren Buffett

Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.

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113th United States Congress

The One Hundred Thirteenth United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2013, to January 3, 2015, during the fifth and sixth years of Barack Obama's presidency.

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Redirects here:

FHLMC, FHMC, Federal Home Loan Mortgage Corporation, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Home Loan Mtg., Freddie Mac Foundation, Freddie mac, Freddy Mac.

References

[1] https://en.wikipedia.org/wiki/Freddie_Mac

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