Which one of the following entities is an actual government-owned enterprise dealing with mortgages?

Question

Quizplus · Accepted Answer

GNMA, or Government National Mortgage Association, is an actual government-owned enterprise that issues mortgage-backed securities. The other options (B) FNMA, (C) FHLMC, (D) PIP, and (E) CMO are all entities that deal with mortgages, but they are not government-owned enterprises. FNMA and FHLMC are government-sponsored entities, while PIP and CMO are investment vehicles.

Which One of the Following Entities Is an Actual Government-Owned