Federal Home Loan Mortgage Corporation (Freddie Mac)

Freddie Mac, or the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise that helps make homeownership more accessible. It does this by buying mortgages from lenders, which provides lenders with fresh funds to offer more loans to homebuyers. Freddie Mac then bundles these mortgages into securities and sells them to investors, helping to ensure a steady flow of money in the mortgage market. Its goal is to promote a stable, competitive housing finance system that makes homeownership affordable for more Americans.