Finance
What is the secondary mortgage market?
AThe market for second mortgages and HELOCs
BThe market where lenders sell existing mortgages to investors, providing liquidity for new lending✓ Correct
CA secondary source of mortgage financing
DThe market for subprime mortgages
Explanation
The secondary mortgage market is where existing mortgages are bought and sold. Fannie Mae, Freddie Mac, and Ginnie Mae are major players.
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