WEALTH MANAGEMENT GLOSSARY

FHLMC

FNMA

Face Value

Fair Market Value (FMV)

Federal Home Loan Mortgage Corporation

Federal National Mortgage Association

Fiduciary

Fixed Annuity

Fixed-Income Securities

Flower Bonds

Freddie Mac

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An independent agency created to aid the secondary residential mortgages sponsored by the Veterans Administration and the Federal Housing Administration. It also works with non-government protected residential mortgages. Also known as FHLMC or Freddie Mac.