Finance
Which government-sponsored enterprise (GSE) specializes in purchasing and securitizing FHA and VA loans?
AFannie Mae (FNMA)
BFreddie Mac (FHLMC)
CGinnie Mae (GNMA)✓ Correct
DSallie Mae
Explanation
Ginnie Mae (Government National Mortgage Association) guarantees mortgage-backed securities composed of FHA, VA, and USDA loans. Fannie Mae and Freddie Mac deal primarily with conventional conforming loans.
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