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LSDefine

Simple English definitions for legal terms

FHLMC

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A quick definition of FHLMC:

Term: FHLMC

Definition: FHLMC stands for Federal Home Loan Mortgage Corporation. It is a government-sponsored organization that helps people buy homes by buying mortgages from banks and other lenders. This helps lenders have more money to lend to homebuyers, and it helps homebuyers get better interest rates and more affordable loans.

A more thorough explanation:

FHLMC

FHLMC stands for Federal Home Loan Mortgage Corporation. It is a government-sponsored enterprise that buys mortgages from lenders, pools them together, and sells them as mortgage-backed securities to investors.

For example, if a bank lends money to someone to buy a house, they can sell that mortgage to FHLMC. FHLMC then combines that mortgage with others to create a pool of mortgages. They sell shares of that pool to investors, who receive a portion of the interest payments made by the homeowners.

Another example is if an investor buys a share of a mortgage-backed security from FHLMC. They will receive a portion of the interest payments made by the homeowners in the pool of mortgages.

FHLMC helps to make the mortgage market more efficient by buying mortgages from lenders and selling them to investors. This allows lenders to have more money to lend to homebuyers, and investors to earn money from the interest payments made by homeowners.

FHLBB | FHWA

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13:58
when they basically exclusively accept above both median students
13:59
to be fair to them, many people don't know that
bc i have a friend who went there for med school and wanted me to apply
i have very low expectations but there was not application fee so why not
14:00
fair enough
[] AromaticTroubledDormouse
14:01
all the political calls i've been getting today have been from cities with schools i applied to. truly torture
triplethread
14:04
is osu doing a wave
14:14
@1a2b3c4d26z: buildings are so cool. so neat how they pumped concrete up to the Burj Khalifa https://www.youtube.com/watch?v=VpJ4AjsYp4A
I applied to WashU the first week of September and nothing... but ppl who applied after that have answers lol
I think I'm gonna get WL'ed
ahh I just want an answer from somebody this week
WorthlessAttractiveZombie
14:21
fordham needs to release, i've been geeked this whole day over it
I hope u get an answer soon!
WorthlessAttractiveZombie
14:23
lavender, i looked at the stars last night and they said we're gonna hear from schools this week
heck yeah. I have a feeling we will
I got one answer so far from Mizzou and I was WL'ed but hey it's not the end it's just the beginning
that was Friday
WorthlessAttractiveZombie
14:26
keep swinging until you hear a bell
14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
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