Question

The Government National Mortgage Association (GNMA) was organized to perform three principal functions. Which of the following is NOT a function of GNMA?
(A) Provide special assistance lending in support of federal programs
(B) Manage and liquidate mortgages previously acquired by FNMA
(C) Manage all secondary mortgage market operations
(D) Provide a guarantee for FHA/VA mortgage pools that would provide a guarantee for mortgage backed securities

Answer

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