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Freddie Mac (Federal Home Loan Mortgage Corporation)

 

FRE

Freddie Mac is a stockholder-owned financial services company chartered by Congress in 1970 under the Federal Home Loan Mortgage Corporation Act. Its principal offices are located in McLean, Virginia. Freddie Mac purchases residential mortgage loans and mortgage-related securities from mortgage lenders and securities dealers. The company provides credit guarantee of payment of principal and interest for residential mortgages originated by mortgage lenders. During the year ended 2004, total mortgage portfolio was $1.5 trillion in 2004.

 

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