Finance
The 'secondary mortgage market' functions to:
AProvide second mortgages to homeowners
BProvide liquidity by allowing lenders to sell mortgage loans to investors✓ Correct
COffer second chances to borrowers who were denied in the primary market
DRegulate interest rates for second mortgages
Explanation
The secondary market (Fannie Mae, Freddie Mac, Ginnie Mae) purchases mortgages from primary lenders, freeing up capital for new loans and providing liquidity that keeps mortgage money flowing to borrowers.
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