10-37.The federal agency that guarantees the timely payment of 90% of the principal and interest from a pool of mortgages is:
A) FNMA.
B) GNMA.
C) Federal Agricultural Mortgage Corporation d FHLMC
Correct Answer:
Verified
Q21: 10-30.Mortgage related securities that offer cash flows
Q22: 10-27.Prior to the secondary mortgage market it
Q23: 10-25.The secondary mortgage market is one in
Q24: 10-24.In 1938 Congress established as a subsidiary
Q25: 10-31.The mortgage-related security that goes the furthest
Q27: 10-21.The following are mortgage-related securities that are
Q28: 10-33.Grantor trusts were developed for use with:
A)
Q29: 10-28.The secondary mortgage market developed because it
Q30: 10-36.Government Sponsored Enterprises refers to:
A) FNMA and
Q31: 10-40.Desirable characteristics of mortgage-related securities include:
A) credit enhancement
B) rearrangement
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