In the late 1960's, Congress created a number of agencies designed to address a struggling secondary market for residential mortgages. Which of the following organizations was developed primarily to guarantee mortgage-backed securities based on pools of FHA, VA and Rural Housing Service loans, rather than issue, buy or sell mortgages?

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The organization developed primarily to guarantee mortgage-backed securities based on pools of FHA, VA and Rural Housing Service loans is the Government National Mortgage Association (Ginnie Mae). The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) were created to buy and sell mortgages, while the Federal Agricultural Mortgage Corporation (Farmer Mac) was created primarily to provide a secondary market for agricultural real estate and rural housing mortgages.

In the Late 1960's, Congress Created a Number of Agencies