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Meaning of Federal Home Loan Mortgage Corporation

Fed'eral Home' Loan" Mort'gage Corpora"tion

Pronunciation: [key]
  1. a private corporation authorized by the U.S. Congress whose chief function is to buy federally insured home mortgages and help develop nonfederally insured mortgages. Abbr.: FHLMC
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.