Federal Home Loan Mortgage Corporation
Main article: Federal Home Loan Mortgage Corporation
In 1970 the Federal Home Loan Mortgage Corporation, sometimes known as Freddie Mac, was established. This corporation is designed to promote the flow of capital into the housing market by establishing an active secondary market in mortgages. It may by law deal only with government-supervised lenders such as savings and loan associations, savings banks, and commercial banks; its programs cover conventional whole mortgage loans, participations in conventional loans, and FHAFHA and VA loans.
Read more about this topic: Commercial Mortgage, Second-layer Lenders
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