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English definition of “Freddie Mac”

Freddie Mac

noun
 
 
trademark FINANCE
short for Federal Home Loan Mortgage Corporation: a government organization in the US that buys and sells loans on the financial markets in order to raise more money to lend to home buyers: Freddie Mac said the 15-year mortgage rate rose to 8.46% from 8.45%. → See also Fannie Mae
(Definition of Freddie Mac from the Cambridge Business English Dictionary © Cambridge University Press)
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