Question

Which of the following are functions of GNMA?

A. Engaging in swap transactions where it swaps mortgage-backed securities with an FI for original mortgages.

B. Sponsors mortgage-backed securities programs by FIs such as banks, thrifts, and mortgage bankers.

C. Acts as a guarantor to investors in mortgage-backed securities regarding the timely pass-through of principal and interest payments on their sponsored bonds.

D. All of the above.

E. Answers B and C only.

Answer

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