Finance
A South Carolina lender sells a pool of mortgages to investors as 'mortgage-backed securities.' This is an example of:
APrimary market lending
BSecondary market securitization✓ Correct
CMortgage insurance
DBridge financing
Explanation
Securitization is the packaging of mortgages into securities sold to investors on the secondary market. Ginnie Mae, Fannie Mae, and Freddie Mac issue mortgage-backed securities (MBS).
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