Question

The Federal National Mortgage Association (Fannie Mae) was originally established to provide a secondary market for FHA-insured and VA-guaranteed loans. All of the following statements regarding Fannie Mae are true EXCEPT: Multiple Choice Fannie Mae lends money directly to homebuyers. Fannie Mae was once a private, self-supporting company with publicly traded stock that has now been placed into conservatorship by the United States government following the mortgage crisis of 2007-2008. Fannie Mae fully guarantees timely payment of interest and principal to investors. Fannie Mae is authorized to buy both conventional home loans and government-sponsored

Answer 1

The statements regarding Fannie Mae loan are true except that A. Fannie Mae lends money directly to homebuyers.

How to illustrate the information?

It should be noted that Federal National Mortgage Association (Fannie Mae) was established to provide a secondary market for FHA-insured and VA-guaranteed loans.

Fannie Mae fully guarantees timely payment of interest and principal to investors and is authorized to buy both conventional home loans and government-sponsored

In conclusion, the correct option is A.

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