U.S. Secondary Mortgage Market and Government-Sponsored Enterprises (GSEs) Quiz Explore the role of government-sponsored enterprises (GSEs) in the U.S. secondary mortgage market. Test your knowledge with questions on Fannie Mae, Freddie Mac, mortgage-backed securities, and more.
#1
Fannie Mae and Freddie Mac
HUD and FHA
Sallie Mae and Ginnie Mae
USDA and VA
#2
To originate mortgages
To purchase mortgages from primary lenders
To provide mortgage insurance
To regulate interest rates
#3
They are backed by a pool of mortgages.
They provide liquidity to the mortgage market.
They eliminate credit risk for investors.
They pay investors periodic interest and principal payments.
#4
To increase competition in the mortgage market
To stabilize the housing market
To generate revenue for the government
To privatize the mortgage industry
#5
Taxpayer dollars
Issuing government bonds
Stock market investments
Revenue from mortgage-backed securities sales
#6
They are fully private entities with no government involvement.
They were created by an act of Congress to provide stability to the housing market.
They primarily offer loans directly to consumers.
They operate solely in the commercial real estate sector.
#7
Federal Housing Finance Agency (FHFA)
Federal Reserve System (FRS)
Securities and Exchange Commission (SEC)
Department of Housing and Urban Development (HUD)
#8
$417,000
$548,250
$822,375
$1,029,750
#9
Providing insurance for mortgage-backed securities
Regulating mortgage interest rates
Guaranteeing securities backed by FHA and VA loans
Issuing loans directly to homebuyers
#10
To provide mortgage insurance to low-income homebuyers
To regulate interest rates on mortgage loans
To offer liquidity to member institutions by providing advances secured by mortgage loans
To issue mortgage-backed securities
#11
The Dodd-Frank Wall Street Reform and Consumer Protection Act
The Federal National Mortgage Association Charter Act
The Federal Home Loan Mortgage Corporation Act
The Housing and Economic Recovery Act
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