Freddie Mac signifies the Federal Home Loan Mortgage Corporation (FHLMC). The FHLMC was formed in 1970 and “Freddie Mac” has been cited in print since at least January 1971. In 1997, Freddie Mac became the official name.
Similar nicknames include “Fannie Mae” (Federal National Mortgage Association), “Ginnie Mae” (Government National Mortgage Association), “Sallie Mae” (Student Loan Marketing Association), “Farmer Mac” (Federal Agricultural Mortgage Corporation) and “Sonny Mae” (State of New York Mortgage Agency).
Wikipedia: Freddie Mac
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac (OTCBB: FMCC), is a public government sponsored enterprise (GSE), headquartered in the Tyson’s Corner CDP in unincorporated Fairfax County, Virginia.
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, “Freddie Mac”, is an acronym of the company’s full name that had been adopted officially for ease of identification (see “GSEs” below for other examples).
On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as “one of the most sweeping government interventions in private financial markets in decades”.
(Oxford English Dictionary)
Freddie Mac, n.
Etymology: < the male forenames Freddie(also Freddy) and Mac(cf. Mac n.1), after Federal Home Loan Mortgage Corporation(see below), on the model of Fannie Mae n. Cf. slightly earlier Ginnie Mae n., Sallie Mae n.
A proprietary name for: the Federal Home Loan Mortgage Corporation, chartered by the U.S. government in 1970 to provide a secondary market for home loan mortgages by buying home loans from lending agencies and selling them as securities on the capital market. Also: a security guaranteed by this company.
1971 Washington Post 18 Dec. e1/3 Both Fannie Mae and Freddie Mac will begin regular purchasing of conventional mortgages‥under legislation designed to give a wider credit base to homebuilding.
1991 Banker Sept. 7/4 The index does not‥track the price of the most liquid and heavily traded asset-backed issues in the US: mortgage-backed securities, Ginny Maes, Fanny Maes and Freddie Macs.
5 January 1971, Wall Street Journal, “Rich Uncle” by Richard F. Janssen, pg. 19, col. 4:
But the latest arrival, the Federal Home Loan Mortgage Corp., is without a distinguishing nickname. “It has been called everything from Freddie-Mac to Flummach,” says FHLBB Chairman Martin, whose own board issometimes identified by the irreverent as “Flub.”
How Fannie, Freddie Got Their Names
July 11, 2008
BLOCK: You can get it, FNMA, FNMA, Fannie Mae. But when it comes to Freddie Mac, that’s the Federal Home Loan Mortgage Corporation, which means FHLMC, FHLMC, FHLMC. I don’t see how they get from there to Freddie Mac.
NORRIS: Well, that’s history now. It is Freddie Mac. Back in 1997 the company gave up its acronym for good. Its name is changed officially to just that, Freddie Mac.
Word Mark FREDDIE MAC
Goods and Services IC 036. US 102. G & S: Financial Services in the Field of Mortgage Loans and Mortgage-Backed or Mortgage-Related Securities. FIRST USE: 19830301. FIRST USE IN COMMERCE: 19830301
Mark Drawing Code (3) DESIGN PLUS WORDS, LETTERS, AND/OR NUMBERS
Design Search Code 26.11.21 - Rectangles that are completely or partially shaded
26.17.01 - Bands, straight; Bars, straight; Lines, straight; Straight line(s), band(s) or bar(s)
26.17.05 - Bands, horizontal; Bars, horizontal; Horizontal line(s), band(s) or bar(s); Lines, horizontal
26.17.13 - Letters or words underlined and/or overlined by one or more strokes or lines; Overlined words or letters; Underlined words or letters
Serial Number 73442510
Filing Date September 1, 1983
Current Filing Basis 1A
Original Filing Basis 1A
Published for Opposition October 23, 1984
Change In Registration CHANGE IN REGISTRATION HAS OCCURRED
Registration Number 1312608
Registration Date January 1, 1985
Owner (REGISTRANT) FEDERAL HOME LOAN MORTGAGE CORPORATION CORPORATION D.C. MS#204 8200 JONES BRANCH DRIVE MCLEAN VIRGINIA 22102
Type of Mark SERVICE MARK
Affidavit Text SECT 15. SECT 8 (6-YR). SECTION 8(10-YR) 20050110.
Renewal 1ST RENEWAL 20050110
Other Data The name in the mark is not the name of a particular living individual.
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New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, July 13, 2011 • Permalink