05.07.2022 - 10:23

Fannie Mae and Freddie Mac are quasi-government agencies created during the Great Depression to make home ownership more affordable for low- and moderate-income households. a. True b. False

Question:

Fannie Mae and Freddie Mac are quasi-government agencies created during the Great Depression to make home ownership more affordable for low- and moderate-income households.

a. True

b. False

Answers (1)
  • Blanche
    April 3, 2023 в 09:50
    The answer is true. Fannie Mae and Freddie Mac were established by the federal government during the 1930s as government-sponsored enterprises (GSEs) in order to increase access to mortgage financing for low- and moderate-income individuals and families. While they are technically privately owned and publicly traded companies, they operate under a government charter and receive some level of federal oversight and support.
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