a GSE also known as Fannie
Mae that purchases mortgages on the secondary market and pools them
to create mortgage-backed securities and collateralized mortgage
obligations. Its purpose is to bring more funds into the housing
sector to encourage home ownership, and it is backed by an implied,
but not explicit, guarantee of the federal government.
Series 65: Federal National Mortgage Association
Taken from our Series 65 - NASAA Uniform Investment Advisor Law Exam
Definition of the term Federal National Mortgage Association...
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