from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A security issued by the Federal Home Loan Mortgage Corporation and secured by a pool of conventional home mortgages.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- proper n. Widely-used nickname for the Federal Home Loan Mortgage Corporation (FHLMC), a private, stockholder-owned corporation sponsored by the US government, established in 1968 to provide market competition for the Federal National Mortgage Association.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a corporation authorized by Congress to provide a secondary market for residential mortgages
Alteration of Fed(eral Home Loan) M(ortgage) C(ompany).(American Heritage® Dictionary of the English Language, Fourth Edition)