During the 2007 - 2009 financial crisis, ___________ and __________, who were major participants in the secondary mortgage markets, were on the verge of financial insolvency and possible collapse in mid-2008.

Question

Quizplus · Accepted Answer

Fannie Mae and Freddie Mac were two government-sponsored entities that played a significant role in the secondary mortgage market, purchasing and securitizing residential mortgages. They were struggling with mounting losses related to the housing market collapse, and in September 2008, the U.S. government intervened to place them under conservatorship to prevent their collapse.

During the 2007 - 2009 Financial Crisis, ___________ and __________

During the 2007 - 2009 Financial Crisis, _ and