On September 7, 2008, both FHMA and FHLMC were placed under conservatorship by the
A)Federal Reserve.
B)Federal Housing Finance Agency.
C)Federal Deposit Insurance Corporation.
D)Federal Home Loan Bank.
E)Comptroller of the Currency.

Question

Quizplus · Accepted Answer

FHMA and FHLMC, also known as Fannie Mae and Freddie Mac, were placed under conservatorship by the Federal Housing Finance Agency in response to the subprime mortgage crisis.

On September 7, 2008, Both FHMA and FHLMC Were Placed