Which federal mortgage agency is being described below?
a. A federal agency created in 1938 to buy and sell selected residential mortgages in the secondary market.
b. A federal agency created in 1970 to improve the resale market for predominantly conventional mortgages and to assist private lenders in securitizing pools of mortgage loans.
c. An agency of the federal government established in 1934 to guarantee mortgage loans for low- and medium-priced homes.
d. A federal agency aimed at providing loans through its regional banks to S&Ls and other depository mortgage lenders having significant liquidity needs.
e. A federal government agency created in 1968 to assist the home mortgage market by purchasing mortgages to finance low-income family housing projects and guaranteeing certain mortgage loans made by private lenders. Association (GNMA).

Question

Which federal mortgage agency is being described below?
a. A federal agency created in 1938 to buy and sell selected residential mortgages in the secondary market.
b. A federal agency created in 1970 to improve the resale market for predominantly conventional mortgages and to assist private lenders in securitizing pools of mortgage loans. 
c. An agency of the federal government established in 1934 to guarantee mortgage loans for low- and medium-priced homes. 
d. A federal agency aimed at providing loans through its regional banks to S&Ls and other depository mortgage lenders having significant liquidity needs. 
e. A federal government agency created in 1968 to assist the home mortgage market by purchasing mortgages to finance low-income family housing projects and guaranteeing certain mortgage loans made by private lenders. Association (GNMA).

Quizplus · Accepted Answer

The Answer of Which federal mortgage agency is being described below?
a. A federal agency created in 1938 to buy and sell selected residential mortgages in the secondary market.
b. A federal agency created in 1970 to improve the resale market for predominantly conventional mortgages and to assist private lenders in securitizing pools of mortgage loans. 
c. An agency of the federal government established in 1934 to guarantee mortgage loans for low- and medium-priced homes. 
d. A federal agency aimed at providing loans through its regional banks to S&Ls and other depository mortgage lenders having significant liquidity needs. 
e. A federal government agency created in 1968 to assist the home mortgage market by purchasing mortgages to finance low-income family housing projects and guaranteeing certain mortgage loans made by private lenders. Association (GNMA).

Which Federal Mortgage Agency Is Being Described Below