Finance
What is the role of Ginnie Mae (GNMA) in the mortgage market?
AGinnie Mae originates mortgage loans
BGinnie Mae guarantees mortgage-backed securities based on government-insured loans (FHA, VA, USDA)✓ Correct
CGinnie Mae sets mortgage lending standards
DGinnie Mae insures individual mortgages
Explanation
Ginnie Mae (Government National Mortgage Association) guarantees mortgage-backed securities composed of government-insured loans (FHA, VA, USDA). Unlike Fannie and Freddie, it is a government agency, not a government-sponsored enterprise.
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