Which is the oldest mortgage-backed security sponsoring agency?
A)GNMA.
B)FNMA.
C)FHA.
D)FMHA.

Question

Quizplus · Accepted Answer

FNMA (Federal National Mortgage Association) was created in 1938 and is the oldest mortgage-backed security sponsoring agency. GNMA (Government National Mortgage Association) was created in 1968, FHA (Federal Housing Administration) was created in 1934 but does not sponsor mortgage-backed securities, and FMHA (Farmers Home Administration) was merged with the Rural Housing Service in 1994.

Which Is the Oldest Mortgage-Backed Security Sponsoring Agency