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Which of the Following Is True About GNMA Pass-Throughs

question 35

Multiple Choice

Which of the following is true about GNMA pass-throughs?
I.They separate individual home mortgages into heterogeneous pools.
II.The purchaser of a GNMA receives monthly interest and principal payments received from payments made on the pool.
III.The banks that originated the mortgages continue to service them.
IV.The banks that originated the mortgages maintain ownership of them.

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