Finance
Freddie Mac (FHLMC) and Fannie Mae (FNMA) operate in the:
APrimary mortgage market as direct lenders
BSecondary mortgage market by purchasing loans from primary lenders✓ Correct
CFederal Reserve System as member banks
DCredit union network as regulatory bodies
Explanation
Freddie Mac and Fannie Mae are government-sponsored enterprises that operate in the secondary mortgage market, purchasing conforming loans from primary lenders to provide liquidity for new lending.
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