Which one of the following statements correctly relates to GNMA securities?

Question

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GNMA securities are mortgage-backed securities that are issued by the Government National Mortgage Association (GNMA) and are backed by the full faith and credit of the U.S. government. The primary risk associated with GNMA securities is prepayment risk, which means that borrowers may choose to pay off their mortgages early, causing the investor to receive their principal back earlier than expected. The minimum denomination of a GNMA security is usually $25,000, not $1,000. GNMA mortgages are not guaranteed solely by the FHA, but are also insured by other government agencies such as the VA and USDA. Finally, GNMA was not established as an agency within the Department of Veteran's Affairs, but was created as a government corporation within the Department of Housing and Urban Development (HUD) in 1968.

Which One of the Following Statements Correctly Relates to GNMA