Under the HUD Act of 1968,the assets,liabilities,and management of secondary market operations were transferred to a completely private corporation known as "Ginnie Mae" (GNMA).

Question

Quizplus · Accepted Answer

The HUD Act of 1968 actually transferred these aspects to the Government National Mortgage Association (Ginnie Mae), which is a wholly-owned government corporation within the Department of Housing and Urban Development (HUD), not a completely private corporation.

Under the HUD Act of 1968,the Assets,liabilities,and Management of Secondary