What is another word for federal home loan mortgage corporation?
Pronunciation: [fˈɛdəɹə͡l hˈə͡ʊm lˈə͡ʊn mˈɔːɡɪd͡ʒ kˌɔːpəɹˈe͡ɪʃən] (IPA) 
The Federal Home Loan Mortgage Corporation is commonly known as Freddie Mac. Synonyms for this term include FHLMC, Federal Home Loan Corporation, and Home Loan Mortgage Corporation. These terms are used interchangeably to refer to the same entity, which was established in 1970 to provide stability and liquidity to the mortgage market. The organization purchases mortgages from lenders, packages them into securities, and sells them to investors. By doing so, Freddie Mac promotes homeownership, promotes affordable housing, and supports the overall financial system. The various synonyms used for this organization highlight its importance in the mortgage industry and the critical role it plays in promoting access to affordable housing.
