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WordReference Random House Unabridged Dictionary of American English © 2024Fred′die Mac′, - Banking, BusinessSee Federal Home Loan Mortgage Corporation.
- Banking, Businessa publicly traded security that represents participation in a pool of mortgages guaranteed by the Federal Home Loan Mortgage Corporation. Cf. Fannie Mae, Ginnie Mae.
- from the initials FHLMC, on the model of Fannie Mae 1970–75
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