One of the most popular types of mortgage pools is insured by the
A) Federal Deposit Insurance Corporation.
B) Federal Savings and Loan Insurance Corporation.
C) Federal Home Loan Bank Board.
D) Government National Mortgage Association.

Question

Quizplus · Accepted Answer

The Government National Mortgage Association, also known as Ginnie Mae, insures mortgage pools backed by loans guaranteed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and other government agencies. Therefore, option D is the most appropriate choice as it is the only option that refers to a government agency that insures mortgage pools.

One of the Most Popular Types of Mortgage Pools Is