Under the Housing and Urban Development Act,the Federal National Mortgage Association (FNMA) buys loans and holds them in it's own portfolio.The Government National Mortgage Association (GNMA) does which of the following?
A) guarantees the payment of principal and interest on the securities that are created and backed by mortgages
B) oversees the individual states' Mortgage Associations
C) also buys loans,but holds them as a separate part of the U.S. Government budget
D) none of the above
Correct Answer:
Verified
Q1: A loan in which the seller or
Q2: Under Federal Regulation Q,the individual states were
Q3: A loan that involves regular increases in
Q4: The rate charged on a Home Equity
Q5: The flat-rate insurance provided by the FDIC
Q7: Federal Home Loan Banks obtain a significant
Q8: Under Regulation Z,the borrower must be informed
Q9: If the current tax law was changed,and
Q10: Under the current tax law,what would the
Q11: A loan in which the lender receives
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