Multiple Choice
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 options.
E) Sponsors mortgage-backed securities programs by FIs such as banks, thrifts, and mortgage bankers and acts as a guarantor to investors in mortgage-backed securities regarding the timely pass-through of principal and interest payments on their sponsored bonds.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: The three government agencies that sponsor the
Q16: Which of the following statements is true
Q17: The value of an interest-only (IO) mortgage-backed
Q18: GNMA is more active in the market
Q19: When FIs form off-balance sheet subsidiaries to
Q21: Overseas bank is pooling 50 similar and
Q22: The underlying GNMA 15-year mortgage pool has
Q23: Which of the following is the more
Q24: Full amortization of a thirty-year fixed rate
Q25: GNMA pass-throughs can assist an FI in