Mac - Law Dictionary Search Results
Home Dictionary Name: macfreddie mac
freddie mac Federal Home Loan Mortgage Corporation (FHLM); a federally chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders with funds for new homebuyers. Also known as a Government Sponsored Enterprise (GSE). Source: U.S. Department of Housing and Urban Development ...
Mac
Shortened form of Macintosh a brand name for a personal computer as the latest Mac has great new features...
conforming loan
conforming loan is a loan that does not exceed Fannie Mae's and Freddie Mac's loan limits. Freddie Mac and Fannie Mae loans are referred to as conforming loans. Source: U.S. Department of Housing and Urban Development ...
jumbo loan
jumbo loan or non-conforming loan, is a loan that exceeds Fannie Mae's and Freddie Mac's loan limits. Freddie Mac and Fannie Mae loans are referred to as conforming loans. Source: U.S. Department of Housing and Urban Development ...
non-conforming loan
non-conforming loan is a loan that exceeds Fannie Mae's and Freddie Mac's loan limits. Freddie Mac and Fannie Mae loans are referred to as conforming loans. Source: U.S. Department of Housing and Urban Development ...
ginnie mae
ginnie mae Government National Mortgage Association (GNMA); a government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment; as With Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders. Source: U.S. Department of Housing and Urban Development ...
gse
gse abbreviation for government sponsored enterprises; a collection of financial services corporations formed by the United States Congress to reduce interest rates for farmers and homeowners. Examples include Fannie Mae and Freddie Mac. Source: U.S. Department of Housing and Urban Development ...
mortgage banker
mortgage banker a company that originates loans and resells them to secondary mortgage lenders like Fannie Mae or Freddie Mac. Source: U.S. Department of Housing and Urban Development ...
FHLMC
a corporation authorized by Congress to provide a secondary market for residential mortgages It is called Freddie Mac in the jargon of the finance industry...
Parenteral
Parenteral, see, Mac Laboratories (P) Ltd. v. CCE, (1995) 2 SCC 56: AIR 1995 SC 510....
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