FNMA and Freddie Mac did not originate mortgages; they purchased them—from banks

Question

FNMA and Freddie Mac did not originate mortgages; they purchased them—from banks, thrifts, and mortgage companies—and either held them in their portfolios or securitized and guaranteed them. True or false FNMA and Freddie Mac did not originate mortgages; they purchased them—from banks, thrifts, and mortgage companies—and either held them in their portfolios or securitized and guaranteed them. True or false FNMA and Freddie Mac did not originate mortgages; they purchased them—from banks, thrifts, and mortgage companies—and either held them in their portfolios or securitized and guaranteed them. True or false

Explanation / Answer

this statement is True.

all the services offering by FNMA and Freddie are purchased them from other parties only.

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