Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Federal Home Loan Bank Board

Read a random definition: Subchapter S corporation

A quick definition of Federal Home Loan Bank Board:

The Federal Home Loan Bank Board, also known as the Federal Housing Finance Board, is an organization that oversees the Federal Home Loan Banks. These banks provide funding for home mortgages and other housing-related projects. The board ensures that these banks operate in a safe and sound manner and comply with regulations.

The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, is a company that buys mortgages from banks and other lenders. This helps to provide more money for banks to lend to homebuyers. Freddie Mac buys both conventional and federally insured mortgages.

A more thorough explanation:

Definition: The Federal Home Loan Bank Board is an organization that oversees the Federal Home Loan Banks and the savings and loan associations that are members of the Federal Home Loan Bank System. It was replaced by the Federal Housing Finance Board in 1989.

Definition: The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, is a corporation that buys mortgages from banks and other lenders. These mortgages can be either conventional or federally insured. Freddie Mac then packages these mortgages into securities and sells them to investors.

Example: A bank lends money to a person to buy a house. The bank then sells the mortgage to Freddie Mac. Freddie Mac bundles the mortgage with other mortgages and sells them to investors. The investors receive payments from the homeowners, and Freddie Mac takes a fee for managing the mortgages.

This example illustrates how Freddie Mac works as an intermediary between banks and investors, making it easier for banks to lend money and for investors to invest in mortgages.

Federal Home Loan Bank | Federal Housing Administration

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.