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The Initial Solution to the Challenges in the Development of a Secondary

Question 12

Multiple Choice

The initial solution to the challenges in the development of a secondary mortgage market was to


A) pass regulation to standardize mortgages.
B) provide guarantees on mortgages through the Government National Mortgage Association (Ginnie Mae) .
C) create the Federal National Mortgage Association (Fannie Mae) to buy FHA mortgages.
D) encourage smaller investors to buy into mortgage pools.

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