In order to be able to create mortgage pools with conventional loans as Fannie Mae did with FHA and VA loans, in 1970 Congress created the
A) Bankers Home Loan Mortgage Corporation (Bobbie Mac) .
B) Treasury National Mortgage Facility (Tina McFay) .
C) Government National Mortgage Association (Ginnie Mae) .
D) Federal Home Loan Mortgage Corporation (Freddie Mac) .
Correct Answer:
Verified
Q24: The main function, collectively, of the Federal
Q25: Problems that the early mortgage-backed assets faced
Q26: From the perspective of the borrower, what
Q27: In acting to help create a secondary
Q28: The home mortgage market really took off
Q30: Explain how the subprime mortgage market, combined
Q31: Why was it difficult for a secondary
Q32: The first mortgage-backed asset was known as
Q33: With a negative amortization home mortgage, the
Q34: Fannie Mae is largely responsible for creating
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents