The creation of Freddie Mac in ______ reflected a desire by the federal government to develop a stronger secondary market for conventional home mortgages, of which it has purchased huge quantities.

Question

Quizplus · Accepted Answer

Freddie Mac was created in 1970 to expand the secondary market for mortgages in the U.S. It purchases, guarantees, and securitizes mortgages to facilitate liquidity, stability, and affordability in the housing market.

The Creation of Freddie Mac in ______ Reflected a Desire