Finance
Which federal agency regulates the secondary mortgage market by purchasing conforming mortgages from lenders?
AFederal Housing Administration (FHA)
BVeterans Administration (VA)
CFederal National Mortgage Association (Fannie Mae)✓ Correct
DConsumer Financial Protection Bureau (CFPB)
Explanation
Fannie Mae (Federal National Mortgage Association) is a government-sponsored enterprise that purchases conforming mortgages from lenders in the secondary market, providing liquidity for the primary mortgage market.
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