FNMA does not hold the mortgages it purchases on its balance sheet, thereby transferring credit and default risk to investors purchasing its securities.
Correct Answer:
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Q1: The securities that form a GNMA pass-through
Q2: GNMA is more active in the market
Q4: The availability of a liquid secondary market
Q5: On September 7, 2008, FNMA and FHLMC
Q6: Individual mortgage loans in a pool sponsored
Q7: Securitization of assets increases the FI's capital
Q8: Investors in a Structured Investment Vehicle (SIV)
Q9: GNMA will sponsor any pool of loans
Q10: Unlike GNMA, FNMA will securitize conventional mortgages
Q11: Historically, FNMA has had a secured line
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