Virginia Real Estate Exam Practice Question
Which of the following are members of the secondary mortgage market?
Correct Answer: B
Rationale: Option B identifies FNMA (Fannie Mae), GNMA (Ginnie Mae), and FHLMC (Freddie Mac) as key players in the secondary mortgage market, where they buy loans from lenders, enhancing liquidity and stability. This option correctly encompasses entities that facilitate the buying and selling of mortgage loans.
Option A is incorrect as lenders primarily operate in the primary mortgage market, providing loans directly to consumers.
Option C mischaracterizes lending institutions that lend directly to consumers, as they are part of the primary market.
Option D includes institutions that also operate in the primary market, providing loans rather than buying them.
Option E lists government entities that support housing but do not engage directly in the secondary mortgage market.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now