The Federal National Mortgage Association (Fannie Mae)was Originally Established to Provide

The Federal National Mortgage Association (Fannie Mae) was originally established to provide a secondary market for FHA-insured and VA-guaranteed loans.All of the following statements regarding Fannie Mae are true EXCEPT:

A) Fannie Mae lends money directly to homebuyers.
B) Fannie Mae is a private,self-supporting company with publicly traded stock.
C) Fannie Mae fully guarantees timely payment of interest and principal to investors.
D) Fannie Mae buys both conventional home loans and government-underwritten residential mortgages.