Mortgage-backed securities were created when ________ began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset.
A)GNMA
B)FNMA
C)FHLMC
D)FNMA and FHLMC

Question

Quizplus · Accepted Answer

Both FNMA and FHLMC began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset, leading to the creation of mortgage-backed securities.

Mortgage-Backed Securities Were Created When ________ Began Buying Mortgage Loans