26-67 Which of the following are functions of GNMA?
A) Engaging in swap transactions where it swaps mortgage-backed securities with an FI for original mortgages.
B) Sponsors mortgage-backed securities programs by FIs such as banks,thrifts,and mortgage bankers.
C) Acts as a guarantor to investors in mortgage-backed securities regarding the timely pass-through of principal and interest payments on their sponsored bonds.
D) All of the above.
E) Answers B and C only.
Correct Answer:
Verified
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