What is the Federal National Mortgage Association? How does this organization play a role in secondary mortgage

Question:

What is the Federal National Mortgage Association? How does this organization play a role in secondary mortgage markets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

See More Books

Question Posted: Jan 27, 2015 08:35 AM

See More Questions

How doe national history play a role in shaping national identity? What is an example for the United States (Canada, China, Mexico, or the country that you like to discuss)?
How does technology play a role in manufacturing?
How do societal forces play a role in shaping research ethics?
a) How much would you have to invest at 6% p.a. on January 1, 2004, in order to accumulate $1791 on January 1, 2010. b) What is the present worth on January 1, 2003 of $1263 on January 1, 2010, if...
A random sample of size 16 from a normal distribution with = 3 produced a sample mean of 4.5. (a) Is the distribution normal? Explain. (b) Compute the sample test statistic z under the null...
On April 1, 2015, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemakers business. The supplier explains that it...
A bar magnet is enclosed by a spherical surface. (a) What is the magnetic flux through the entire surface? (b) If the magnetic flux through the hemisphere closest to the magnet's north pole is...
Rio Valde Co. uses a normal cost, job order costing system. In the Mixing Department, overhead is applied using machine hours; in Paving, overhead is applied using direct labor hours. In December...
Journalize the employer's payroll tax expense for February 28. Notice that this journal entry is similar to the one on January 31. Use the February FICA amounts. Notice that Amy Hamilton reaches the...
Campus Theater adjusts its accounts every month. Below is the companys unadjusted trial balance dated August 31, 2011. Additional information is provided for use in preparing the companys adjusting...
What is the Government National Mortgage Association? How does this organization play a role in secondary mort-gage markets?
How has the U. S. governments sponsorship of FNMA and FHLMC affected their operations? Describe the problems these two GSEs have experienced over the last 10 years.
Write a program that displays two circles with radius 10 at location (40, 40) and (120, 150) with a line connecting the two circles, as shown in Figure 15.30b. The distance between the circles is...
What type of communication strategies are predominant? Considering the many available mediums, is TV advertising still the most powerful, or has it faded in importance?
What is ethical? what is right? What is right for the world of work, as you are shaping it in your professional practice?
How does motivation affect our survival as humans? Consider in your answer the role of dopamine in motivated behaviors and the different types of stimuli that we are motivated to seek out. Choose...
A 50 Kg toolbox is being push along the floor by a 100 N horizontal force. Friction between the floor surface and the box is 20 N. What is the acceleration of the box?
6. Consider the probity and project governance constraints that relate to project procurement in a project. i. In your own words, briefly discuss how each constraint relates to project procurement....
What are the differences between classic, multipreneurs, and intrapreneurs?
"Standard-cost procedures are particularly applicable to process-costing situations." Do you agree? Why?
Explain how a ledger and posting help in the recording process.
What are the front ratio and back ratio, and how do they differ?
How does the guarantee for a Ginnie Mae mortgage-backed security differ from that of a mortgage-backed security issued by Fannie Mae and Freddie Mac?
What is the average life of a pass-through, and what does it depend on? a. What are contraction risk and extension risk? b. Why would a pass-through with a WAM of 350 months be an unattractive...
Need summary of this article Why can't my new employees write? I heard this question several times on my recent vacation. I go on vacation to get away from these sorts of questions, but vacation was...
Evaluate the strategic soundness of the concept of guerrilla marketing. For what types of product categories is this strategy most likely to be a success? Discuss some factors that determine the...
How does the source of software code affect the overall security of the system? Justify your position for a general system. What protections can you place within an organization on code that is...

What is the Federal National Mortgage Association? How does this organization play a role in secondary mortgage

Question:

Step by Step Answer:

Originally created in 1938 the Federal National Mortgage Association FNMA or Fannie Mae is the oldes...View the full answer

Financial Markets and Institutions

Students also viewed these Banking questions