Federal Home Loan Mortgage Corporation

The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a government-sponsored enterprise in the United States that provides liquidity to the mortgage market. It buys mortgages from lenders, allowing those lenders to free up funds so they can offer more loans. By supporting the housing market, Freddie Mac helps more people afford homes. It also issues mortgage-backed securities, which are investments backed by those home loans. Ultimately, Freddie Mac plays a key role in ensuring there is money available for mortgages, contributing to the stability of the housing market.