What is a Mortgage-Backed Security (MBS) and who issues agency MBS in the United States?
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A
A short-term commercial paper issued by banks; issued by the Federal Reserve
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B
A security backed by a pool of mortgage loans; issued by Fannie Mae, Freddie Mac, and Ginnie Mae
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C
A corporate bond backed by real estate collateral; issued by private banks
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D
A savings certificate backed by jumbo loans; issued by the FDIC