Finance
Which government-sponsored enterprise (GSE) primarily purchases conventional conforming mortgages from lenders to provide liquidity to the secondary mortgage market?
AFHA (Federal Housing Administration)
BVA (Department of Veterans Affairs)
CFannie Mae (FNMA)✓ Correct
DUSDA Rural Development
Explanation
Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are GSEs that purchase conforming conventional mortgages from lenders, freeing up capital for new loans. FHA and VA are government agencies that insure/guarantee loans but do not purchase them.
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