On September 7,2008,both FHMA and FHLMC were placed under conservatorship by the

Question

Quizplus · Accepted Answer

FHMA (Federal Home Loan Mortgage Association) and FHLMC (Federal Home Loan Mortgage Corporation) were placed under conservatorship by the Federal Housing Finance Agency on September 7, 2008. This was done in response to the subprime mortgage crisis and to prevent the collapse of the two mortgage giants. The Federal Reserve, Federal Deposit Insurance Corporation, and Federal Home Loan Bank were not involved in this decision.

On September 7,2008,both FHMA and FHLMC Were Placed Under Conservatorship