/ Dictionary / Index F Federal Home Loan Mortgage Corporation: Meaning and Definition of Find definitions for: Fed'eral Home' Loan" Mort'gage Corpora"tion Pronunciation: [key] a private corporation authorized by the U.S. Congress whose chief function is to buy federally insured home mortgages and help develop nonfederally insured mortgages. Abbr.: FHLMC Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. federalese Federal Housing Administration Related Content Daily Word Quiz: mamba Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language