26-15 On September 7,2008,FNMA and FHLMC were placed under conservatorship and both are controlled by a federal government agency.

Question

Quizplus · Accepted Answer

This statement is true. On September 7, 2008, FNMA and FHLMC (also known as Fannie Mae and Freddie Mac) were placed under conservatorship by the Federal Housing Finance Agency (FHFA), which is a federal government agency. As conservator, the FHFA has the authority to control and operate both companies.

26-15 on September 7,2008,FNMA and FHLMC Were Placed Under Conservatorship