GNMA Will Sponsor Any Pool of Loans Regardless of the Size

question 70

True/False

GNMA will sponsor any pool of loans regardless of the size of each individual loan in the pool.

---

Definitions:

Breach Of Warranty

The violation of a promise or guarantee made about the quality or condition of a product or service, which can give rise to legal action for damages.

Theory Of Liability

The legal concept or basis upon which a party can be held accountable for a wrong or damage in a lawsuit.

Restatement (Third) Of Torts

A compilation by legal scholars summarizing the common law of torts in the United States, aiming to clarify principles and rules.

Strict Liability

A legal doctrine that holds an individual or entity responsible for their actions or products, regardless of fault or intent, particularly in cases of harm or damage.