Prepare for the Qualified and Non-Qualified Mortgage Test with comprehensive flashcards and multiple-choice questions. Ensure you understand every concept with detailed hints and explanations.

Multiple Choice

Which entities does the FHFA supervise?

The Federal Housing Finance Agency oversees Fannie Mae and Freddie Mac, the two government-sponsored enterprises that dominate the secondary mortgage market. FHFA focuses on their safety and soundness, risk management, and overall supervision, and it placed them into conservatorship during the 2008 financial crisis to stabilize the mortgage system. FHA and VA are programs run through HUD and the Department of Veterans Affairs, not FHFA, and Ginnie Mae operates under HUD; HUD and USDA are separate housing-related agencies. So, the entities supervised by FHFA are Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency oversees Fannie Mae and Freddie Mac, the two government-sponsored enterprises that dominate the secondary mortgage market. FHFA focuses on their safety and soundness, risk management, and overall supervision, and it placed them into conservatorship during the 2008 financial crisis to stabilize the mortgage system. FHA and VA are programs run through HUD and the Department of Veterans Affairs, not FHFA, and Ginnie Mae operates under HUD; HUD and USDA are separate housing-related agencies. So, the entities supervised by FHFA are Fannie Mae and Freddie Mac.