Question

Which one of the following entities is an actual government-owned enterprise dealing with mortgages? a) Fannie Mae b) Freddie Mac c) Chase Bank d) Wells Fargo

Answer 1

Both Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) involved in the secondary mortgage market. While they are not government-owned enterprises, they were created by the U.S. government and have special privileges and ties to the government.

So, the correct answer is:

a) Fannie Mae and b) Freddie Mac