Is FMCC a government agency?
Federal Home Loan Mortgage Corporation (FMCC), commonly known as Freddie Mac, is not a direct government agency, but rather a government-sponsored enterprise (GSE) chartered by Congress. It operates as a publicly traded shareholder corporation that functions under the active conservatorship of the Federal Housing Finance Agency. Its primary mission is to provide liquidity, stability, and affordability to the United States housing market by purchasing mortgages from lenders, even though its debt obligations are not officially guaranteed by the full faith and credit of the federal government.
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