When Freddie Mac creates an MBS, it guarantees that investors will receive timely principal and interest payments regardless of what happens to the underlying mortgages. Freddie Mac, along with Fannie Mae, buys home loans from mortgage lenders and either holds them in its own investment portfolio or securitizes them into mortgage backed securities (MBS) which can then be sold to investors. The Federal Home Loan Mortgage Corporation ( FHLMC) ( nyse|FRE), commonly known as Freddie Mac, is a stockholder-owned corporation chartered by Congress in 1970 as a government sponsored enterprise (GSE) in order to expand the secondary mortgage market in the United States. Company_name = Federal Home Loan Mortgage Corporation (Freddie Mac)
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