Finance
Which of the following is a federally chartered secondary mortgage market entity that purchases Missouri conforming loans?
AFederal Housing Administration (FHA)
BFederal National Mortgage Association (Fannie Mae)✓ Correct
CMissouri Housing Development Commission
DU.S. Department of Veterans Affairs
Explanation
Fannie Mae (FNMA) is a government-sponsored enterprise (GSE) that purchases conforming mortgage loans from lenders, providing liquidity to the primary mortgage market.
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