Financial institutions in the mortgage market

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What is the difference between the Government National Mortgage Agency (GNMA) and the Federal National Mortgage Association (Fannie Mae).? Explain the main functions of each, how they work with financial institutions in the mortgage market, their functions in the secondary mortgage market (securitization), how they raise capital (public markets, private markets or both) and how they are either government owned or government sponsored.

Reference no: EM131328406

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