What Was the Original Stated Purpose of Fannie Mae and Freddie

question 53

Multiple Choice

What was the original stated purpose of Fannie Mae and Freddie Mac?

• A) To allow the government to extend loans directly to low-income and minority households.
• B) To help provide liquidity in the secondary mortgage markets.
• C) To operate as non-profit entities that would provide competition for for-profit mortgage companies.
• D) To take on mortgages going into default in order to prevent them from going into foreclosure.