FHMLCFederal Home Mortgage Loan Corporation (aka Freddie Mac)
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8 million of mortgage loans for mortgage-related securities with the FHMLC in September 2006.
Prior to the adoption of FAS 156, the Company capitalized servicing rights on loans it originated and sold to FHMLC (Freddie Mac) where the servicing was retained by the Company following the sale of the loan to Freddie Mac.
Levine and the other investors are acquiring a company which has been a major national apartment lender under the FNMA DUS and FHMLC "Program Plus" lending programs.