The basic role of the GNMA is to
A) resupply capital to primary lenders by guaranteeing repayment of pools of mortgage loans.
B) insure loans made by primary government lenders.
C) sell mortgage pools to money market funds.
D) facilitate the resale of mortgage loans by marketing participation certificates.
Correct Answer:
Verified
Q17: The secondary mortgage market is an area
Q18: From whom would a borrower obtain a
Q19: Which of the following specializes in bringing
Q20: Which of the following supplies money to
Q21: Participation Certificates (PCs)are instruments used by
A) GNMA.
B)
Q23: Fannie Mae buys and sells all mortgages
Q24: Computerized Loan Origination (CLO)programs are available to
A)
Q25: Life insurance companies do no get involved
Q26: FHLMC was formed primarily to provide a
Q27: Mortgage companies tend to lend their own
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