1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UkoKoshka [18]
3 years ago
6

Which of the following statements about GNMA is/are true? I. GNMA provides timing insurance. II. GNMA creates pools of mortgages

and issues securities. III. GNMA insures only FHA, VA, and FmHA loans. IV. GNMA requires that all mortgages in the pool have the same interest rate. "
Social Studies
1 answer:
Vedmedyk [2.9K]3 years ago
7 0

Answer:

I. GNMA provides timing insurance. II. GNMA creates pools of mortgages and issues securities. III. GNMA insures only FHA, VA, and FmHA loans. IV. GNMA requires that all mortgages in the pool have the same interest rate. "

Explanation:

The Government National Mortgage Association or better known as the GNMA, is a U.S government corporation that helps and guarantees a timely payment of principal and interest on mortgage-backed securities. The GNMA works different than the mortgage market. It doesn’t sell or buy pass-through mortgage-backed securities and neither purchase mortgage loans. Instead, private lending institutions approved the GNMA to originate loans, pooling them into securities, and issue mortgage-backed securities that are guaranteed by the GNMA. In consequence, this guarantees the timely payment of principal and interest from approved issuers. Most mortgages securitized by the GNMA are insured by the Federal Housing Administration (FHA), Veterans Administration (VA) and the Rural Housing Administration (RHA). Finally, the GNMA Guide establishes that “Each mortgage in a pool must bear the same fixed interest rate as every other mortgage in its pool. The interest rate on the mortgage may not change during the life of the mortgage”.

You might be interested in
What is part of the legend of Romulus and Remus?
Lina20 [59]
The legend of Romulus and Remus. Romulus and Remus are recorded in Roman mythology as the founders of the city Rome. Legend has that the twins were born around 770BC, the sons of a mortal priestess, Rhea Silvia, and the Roman god of war, Mars. The boys were abandoned at birth and thrown into the River Tiber in a cradle.

Hopefully that helps you out ❤️
3 0
3 years ago
Why do you think people outside of Europe speak European language even today. Do you think it is a part of globalization?
weqwewe [10]
Yes, because there are many people who are learning or who know the language and live near, far or in the place they are speaking the language of.
7 0
3 years ago
Read 2 more answers
The laws and policies of a theocratic government are based on __________
Harrizon [31]
Religious principles and beliefs.
A theocratic government is run by religious officials and so their laws would reflect on the religion of the government.

Hope this helps :)
7 0
3 years ago
Read 2 more answers
According to Erikson, what will an individual who fails to master the maturational crisis of adolescence most often do?
Tju [1.3M]

Erikson's main idea of what happens if you do not master the conflict of a given age (the equivalent of a Freudian fixation) is identity crisis. Each conflict has two parts: the successful outcome one wants, and the negative outcome which comes from failing to master the conflict. Tye conflict of adolescence is identity vs confusion. If one should fail to master this conflict, they will be confused as to who they are, will not feel like they fit in, and will waver between varying personality types in an effort to discover their identity.

4 0
3 years ago
What is the meaning of<br>money​
Shalnov [3]
There could be lots of meanings to the word money. It could be the literal definition like paper or coin currency. Or it could also be a way of showing power.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Given the definition below, what will MOST LIKELY result from an increase in the price of a particular good or service?
    11·1 answer
  • Increased altitude generally lower what?
    15·1 answer
  • Which of the following statements is most likely to produce the Barnum effect? Disciplined and controlled outside, you tend to b
    6·1 answer
  • ______________ is the best solution to preventing intoxication.
    6·2 answers
  • Which of the following is an example of people using mass media?
    9·1 answer
  • I will mark branliest!(10 points!)How did trade and the power that city-states held encourage the Renaissance to take hold? How
    14·1 answer
  • Read the excerpt from an adaptation of "To Build a Fire.”
    7·2 answers
  • Why is religion important to South Asia's history?
    5·1 answer
  • Discuss the filinnials
    14·1 answer
  • ________ are favorable views of the self that are not necessarily rooted in reality.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!