Florida Real Estate Practice Exam

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What institution took over the sale of government loans in 1968?

  1. Fannie Mae

  2. Farmer Mac

  3. Freddie Mac

  4. Ginnie Mae

The correct answer is: Ginnie Mae

Ginnie Mae, also known as the Government National Mortgage Association, was created in 1968 as part of the National Housing Act to help expand the secondary mortgage market by purchasing government loans. This made it easier for lenders to provide mortgages to homebuyers and provided stability in the market. Options A, B, and C are all incorrect because they were not established until later (Fannie Mae in 1938, Farmer Mac in 1988, and Freddie Mac in 1970) and do not specifically deal with the sale of government loans. While all are government-sponsored enterprises, they have different roles in the mortgage market.

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