Finance
In Washington, which of the following is a 'secondary market' entity that purchases mortgages from primary lenders?
AWashington DFI
BFannie Mae (FNMA) and Freddie Mac (FHLMC)✓ Correct
CFHA and VA
DWashington Housing Finance Commission
Explanation
Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that operate in the secondary mortgage market, purchasing conforming loans from primary lenders.
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