Finance
A West Virginia lender who sells its originated mortgages to Fannie Mae is participating in:
AThe primary mortgage market
BThe secondary mortgage market✓ Correct
CThe federal loan guarantee program
DThe FHA direct lending program
Explanation
The secondary mortgage market is where already-originated loans are bought and sold. Fannie Mae and Freddie Mac purchase mortgages from originators (primary lenders), providing lenders with funds to make new loans.
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