The Federal National Mortgage Association (Fannie Mae) Was Originally Established

The Federal National Mortgage Association (Fannie Mae) was originally established to provide a secondary market for FHA-insured and VA-guaranteed loans. All of the following statements regarding Fannie Mae are true EXCEPT:

A) Fannie Mae lends money directly to homebuyers
B) Fannie Mae was once a private, self-supporting company with publicly traded stock that has now been placed into conservatorship by the United States government following the mortgage crisis of 2007-2008.
C) Fannie Mae fully guarantees timely payment of interest and principal to investors.
D) Fannie Mae is authorized to buy both conventional home loans and government-sponsored residential mortgages.