What is the relationship between Fannie Mae and Freddie Mac?
Competitors
Subsidiaries
Brother organizations
Parent and subsidiary
Answer
Fannie Mae and Freddie Mac are both government-sponsored enterprises (GSEs) that were created to support the U.S. housing market. They are often referred to as "brother organizations" because they have similar missions and functions, although they operate independently of each other.
The Fannie Mae Quiz: How Well Do You Know this Government-Backed Financial Services Company?