What was the original stated purpose of Fannie Mae and Freddie Mac?
A) To allow the government to extend loans directly to low-income and minority households.
B) To help provide liquidity in the secondary mortgage markets.
C) To operate as non-profit entities that would provide competition for for-profit mortgage companies.
D) To take on mortgages going into default in order to prevent them from going into foreclosure.
Correct Answer:
Verified
Q11: Which of the following accurately describes the
Q12: As short-term interest rates began to rise
Q13: Which of the following was the result
Q14: After a period of price stability in
Q15: Which of the following is most central
Q17: Many investment banks quickly collapsed when the
Q18: Fannie Mae and Freddie Mac's dominance of
Q19: An analysis of housing prices between 1987
Q20: Regulatory policies requiring lenders to extend more
Q21: The leverage ratio of an investment firm
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents