The following are various types of Mortgage Based Securities:

I. MBSs guaranteed by government agency [ Ginnie Mae(GNMA)]

II. MBSs backed by government sponsored agencie [ Fannie Mae (FNMA),

Freddioe Mac (FHLMC)]

III. MBSs that are sponsored by private entities

Question 33 options:

I, II & III

I only

I & II only

II & II only