Question
Which of the following is not a way that Ginnie Mae improves mortgage marketability? Multiple Choice GNMA insures lenders against default. GNMA allows private pool
Which of the following is not a way that Ginnie Mae improves mortgage marketability?
Multiple Choice
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GNMA insures lenders against default.
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GNMA allows private pool organizers to issue securities backed by the mortgage pool that bear GNMA's name.
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GNMA sponsored mortgage pools have no credit risk.
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GNMA sponsors pools of FHA- or VA-insured mortgages.
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GNMA provides timing insurance to investors.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
