Fannie Mae and Freddie Mac are the government agencies that insure deposits at financial institutions.

Question

Quizplus · Accepted Answer

Fannie Mae and Freddie Mac are government-sponsored enterprises that provide liquidity and stability to the mortgage market. They do not insure deposits at financial institutions. Deposit insurance is provided by the Federal Deposit Insurance Corporation (FDIC) for commercial banks and the National Credit Union Administration (NCUA) for credit unions.

Fannie Mae and Freddie Mac Are the Government Agencies That