____ was created in 1968 as a corporation that is wholly owned by the federal government. It guarantees payment on FHA and VA mortgages that meet specific criteria .

Question

Quizplus · Accepted Answer

Ginnie Mae, or the Government National Mortgage Association, was indeed created in 1968 as a wholly owned corporation within the federal government. It guarantees the timely payment of principal and interest on mortgage-backed securities (MBS) that are backed by loans insured or guaranteed by government agencies such as the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).

____ Was Created in 1968 as a Corporation That Is