a GSE also known as Freddie Mac that purchases mortgages on the secondary market and pools them to create mortgage-backed securities and collateralized mortgage obligations. Its purpose is to bring more funds into the housing sector to encourage home ownership, and it is backed by an implied, but not explicit, guarantee of the federal government.
Series 66: Federal Home Loan Mortgage Corporation
Taken from our Series 66 - NASAA Uniform Combined State Law Exam
Definition of the term Federal Home Loan Mortgage Corporation...
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