The Initial Solution to the Challenges in the Development of a Secondary

question 29

Multiple Choice

The initial solution to the challenges in the development of a secondary mortgage market was to

• A)pass regulation to standardize mortgages.
• B)provide guarantees on mortgages through the Government National Mortgage Association (Ginnie Mae).
• C)create the Federal National Mortgage Association (Fannie Mae)to buy FHA mortgages.
• D)encourage smaller investors to buy into mortgage pools.

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Definitions:

Educational Disparities

The differences in educational achievements, resources, and opportunities among individuals or groups, often influenced by socioeconomic, racial, or regional factors.

Infectious Diseases

Illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites that are spread, directly or indirectly, from person to person.

Concept of Time

The understanding and awareness of time, including its passage, the divisions of past, present, and future, and the ability to manage time effectively.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture that is associated with a particular region.