Definition of Freddie Mac in English:

Freddie Mac

proper noun

  • Informal name for the Federal Home Loan Mortgage Corporation, a corporation that trades in mortgages.

    • ‘Listed in order of safety, Ginnie Mae, Freddie Macs, and Fannie Maes are federal government agency home mortgages, which are lower risk but not as low risk as U.S. Treasuries.’
    • ‘Losses came in derivatives, which are the complex financial instruments that Freddie Mac uses to hedge against swings in interest rates.’
    • ‘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.’
    • ‘Is Freddie Mac taking any steps to ease troubled borrowers’ issues and make sure new mortgage money is available?’

Origin

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

Pronunciation:

Freddie Mac

/ˌfredē ˈmak/