Definition of Freddie Mac in English:

Freddie Mac

Syllabification: Fred·die Mac
Pronunciation: /ˈfredē ˈmak
 
/
Informal name for the Federal Home Loan Mortgage Corporation, a corporation that trades in mortgages.
More example sentences
  • And that's a perk that Freddie Mac has lobbied heavily to maintain over the last 10 years.
  • Even though this forced Freddie Mac to take accounting charges this quarter, it is good for the industry, he said.
  • Losses came in derivatives, which are the complex financial instruments that Freddie Mac uses to hedge against swings in interest rates.

Origin

1970s: loosely from the initial letters of Federal Home Loan Mortgage Corporation, on the model of Fannie Mae.

Definition of Freddie Mac in:

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