Government Bonds
Which of the following is backed by the full faith and credit of the U.S. government?
When you see "full faith and credit" and mortgages, think Ginnie Mae.
Complete Analysis & Legal Rationale
Ginnie Mae (GNMA) is the ONLY mortgage-related entity backed by the full faith and credit of the U.S. government. It is a government-owned corporation within HUD. Fannie Mae, Freddie Mac, and Federal Home Loan Banks are government-sponsored enterprises (GSEs) with only implicit government backing.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA Series 7 outline.