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 purchase mortgages from banks, trust companies, mortgage companies, savings and loan associations, and insurance companies, to help those institutions with their distribution of funds for home mortgages. Also known as FNMA or Fannie Mae.