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Federal Home Loan Mortgage Corporation
Freddie Mac / F.H.L.M.C.

The Federal Home Loan Mortgage Coporation, aka FHLMC or more commonly; Freddie Mac, is a company that provides a source where mortgage lenders can sell the loans they have made to borrowers so that the money can be used again to make more loans to more borrowers. This system is known as the 'Secondary Mortgage Market.'

Since Sept. 6, 2008, Freddie Mac has been under conservatorship by the Federal Housing Finance Agency or FHFA. As a company, Freddie Mac always strives to make a profit but as an arm of the Goverment, they also exist to provide a strong, active mortgage credit system for the American people.