Which US President's administration created Fannie Mae?
Franklin D. Roosevelt
Harry S. Truman
Dwight D. Eisenhower
John F. Kennedy
Answer
Fannie Mae was created during the administration of President Franklin D. Roosevelt as part of the New Deal. It was established in 1938 to help expand the secondary mortgage market during the Great Depression.
The Fannie Mae Quiz: How Well Do You Know this Government-Backed Financial Services Company?