Finance
The 'secondary mortgage market' in Florida serves what primary function?
AProcessing home equity loans and second mortgages
BBuying mortgages from primary lenders, providing liquidity for new lending✓ Correct
CRegulating interest rates charged by Florida mortgage companies
DInsuring FHA loans originated in Florida
Explanation
The secondary mortgage market (dominated by Fannie Mae, Freddie Mac, and Ginnie Mae) purchases mortgages from primary lenders (banks, credit unions). This provides lenders with cash to make new loans, maintaining liquidity in the mortgage market.
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