10-24.In 1938 Congress established as a subsidiary of the Reconstruction Finance Corporation the:

Question

Quizplus · Accepted Answer

In 1938, Congress established the Federal National Mortgage Association (FNMA) as a subsidiary of the Reconstruction Finance Corporation. The FNMA was created to provide a secondary market for mortgages by purchasing and guaranteeing them from primary lenders. This helped to increase the availability of mortgage credit and promote homeownership.

10-24In 1938 Congress Established as a Subsidiary of the Reconstruction