Finance
Freddie Mac (FHLMC) was originally created to:
AInsure mortgage loans against default
BProvide a secondary market for conventional mortgage loans, particularly from savings and loans (thrifts)✓ Correct
CRegulate the lending practices of commercial banks
DProvide direct mortgage loans to low-income borrowers
Explanation
Freddie Mac (Federal Home Loan Mortgage Corporation) was created to expand the secondary market for conventional mortgages, particularly those originated by savings and loan associations (thrifts), increasing liquidity in the mortgage market.
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