Federal Home Loan Mortgage Corporation: Meaning and Definition of

Fed'eral Home' Loan" Mort'gage Corpora"tion

Pronunciation: [key]
  1. a private corporation authorized by the U.S. Congress whose chief function is to buy federally insured home mortgages and help develop nonfederally insured mortgages. Abbr.: FHLMC
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.