Question

Which of the following corporations helped to guarantee private home loans?(CAN BE MORE THAN ONE) A). the FSLIC B). Freddie Mac C). Francis May D). Fannie Mae

Answer 1

The corporations Freddie Mac and Fannie Mae helped to guarantee private home loans. James B. Lockhart III was the director of FHFA or Federal Housing Finance Agency in the year 2008 and he decided to give two government sponsored enterprises Fannie Mae and Freddie Mac into conservatorship of government enterprises. Fannie Mae was founded in the year 1938.