Finance
Ginnie Mae (Government National Mortgage Association) guarantees MBS backed by which types of loans?
AConventional conforming loans
BGovernment-insured or guaranteed loans (FHA, VA, USDA)✓ Correct
CJumbo non-conforming loans
DCommercial real estate loans
Explanation
Ginnie Mae guarantees the timely payment of principal and interest on MBS backed by government-insured loans (FHA, VA, USDA/RHS). Unlike Fannie/Freddie, Ginnie Mae MBS carry the full faith and credit of the U.
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