Definition of Freddie Mac in English:

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Freddie Mac

Pronunciation: /frɛdi ˈmak/
informal
The Federal Home Loan Mortgage Corporation, a US corporation that trades in mortgages.
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.

For editors and proofreaders

Line breaks: Fred|die Mac

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