FMCC
Federal Home Loan Mortgage Corp
A government-sponsored enterprise that keeps the U.S. housing market flowing: it buys home mortgages from banks and other lenders, pools them into mortgage-backed securities, and sells those to investors, giving lenders fresh cash to make new home loans. Congress created it in 1970 to support the secondary mortgage market. Its nickname, "Freddie Mac," is a playful sound-alike of its acronym FHLMC, deliberately crafted to echo its sibling Fannie Mae.
PREFERREDUnderlying: FMCCCUSIP: 313400780FinancialsUS1 holder
Variable Rate Non-Cumulative Perpetual Preferred Stock, January 2001 series, liquidation preference 0 per share, dividends suspended
Total Value
$28.72M
Total Shares
1.70M
Net Share Change
0
Activity
No changes
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Value
Shares
Weight
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