Which of the Following Is True About GNMA Pass-Through Securities

question 13

Multiple Choice

Which of the following is true about GNMA pass-through securities?

• A) Interest and principal from borrowers are passed through to investor.
• B) Federally insured imply mortgage loans guaranteed by the FHA, VA, and other authorized federal agencies.
• C) GNMA pass-throughs are secured by mortgage pools originated by mortgage banks, commercial banks, or other mortgage lending institutions.
• D) all of the above

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Definitions:

Epithelial Surfaces

Layers of cells that line the body’s surfaces and cavities, providing protection, secretion, and absorption functions.

Antigen Presenting Cells

Cells that display foreign antigens complexed with major histocompatibility complex molecules on their surfaces.

Progenitor

An ancestor or parent in a direct line of descent, or a cell that has the capacity to differentiate into a specific type of cell.

Plasma Cell

Cell that secretes antibodies; a differentiated B lymphocyte (B cell).