Question

When Fannie Mae was first organized to purchase FHA loans, these loans were purchased at

Answer 1

When Fannie Mae was first organized to purchase FHA loans, these loans were purchased at market value.

Step-by-step explanation:

When Fannie Mae was first organized to purchase FHA loans, these loans were purchased at market value. Market value refers to the current price that a willing buyer would pay to a willing seller for a property or an asset. In the case of FHA loans, Fannie Mae would buy the loans from the lenders at market value, providing liquidity to the lenders and allowing them to make more loans to homebuyers.