Finance
A North Dakota lender who sells a mortgage to Fannie Mae is participating in the:
APrimary mortgage market
BSecondary mortgage market✓ Correct
CFederal Reserve system
DNorth Dakota Housing Finance Agency
Explanation
The secondary mortgage market consists of investors (like Fannie Mae, Freddie Mac, Ginnie Mae) who purchase mortgage loans from originating lenders. This replenishes lenders' funds so they can make new loans.
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