Finance
The 'secondary mortgage market' in Florida refers to:
ASecond mortgage loans
BThe market where mortgage lenders sell existing mortgages to investors (Fannie Mae, Freddie Mac, private investors)✓ Correct
CSubprime lending
DBridge loan financing
Explanation
The secondary mortgage market is where lenders sell originated mortgage loans to investors such as Fannie Mae, Freddie Mac, and Ginnie Mae. This provides lenders with liquidity to originate new loans. Fannie Mae and Freddie Mac purchase conforming loans from Florida lenders.
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