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Florida Real Estate Exam

Category - Florida

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The secondary mortgage market relates to:

Federal policing of the savings and loan associations
Junior liens
Participation in real estate financing by out of state lenders
Transfers of mortgages between lenders

Explanation

Answer D - The place where lenders sell existing loans to other lenders or investors is the secondary mortgage market. The Federal National Mortgage Association is the largest secondary mortgage market today.

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Florida Real Estate Exam

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