Subsidiary
Fannie Mae
Updated 10-31-2026
Subsidiary
A subsidiary of a specified entity is controlled by such entity, directly or indirectly through one or more intermediaries. For the purposes of this definition "control" means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of an entity through ownership, by contract, or otherwise. swing loan See bridge loan.
Fannie Mae Glossary of Terms
Fannie Mae · p. 48
FreddieMac
Updated 10-31-2026
Subsidiary
For Wholesale Home Mortgages, a Subsidiary is a corporation that is controlled by a Seller through the Seller's ownership of sufficient shares of voting stock to control the appointment of the members of the board of directors of the Subsidiary.
FreddieMac Glossary
FreddieMac · p. 42
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