Finance
The secondary mortgage market refers to:
ASubprime lenders who offer mortgages to high-risk borrowers
BThe market where existing mortgage loans are bought and sold by investors after origination✓ Correct
CSecond mortgage or home equity loan products
DThe market for commercial real estate financing
Explanation
The secondary mortgage market is where previously originated mortgage loans are bought and sold by investors. Fannie Mae, Freddie Mac, and Ginnie Mae are major participants. This market provides liquidity to lenders, allowing them to originate new loans by selling existing ones rather than holding them to maturity.
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