Which of the Following Is Most Descriptive of the Primary

question 6

Multiple Choice

Which of the following is most descriptive of the primary market?

• A) The loan origination market
• B) Trading in second mortgages
• C) The buying and selling of mortgage loans
• D) The market created by Fannie Mae and Freddie Mac

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Definitions:

Restricted

Pertains to assets or securities that are not fully transferable until certain conditions, often regulatory, are met.

Assigned

The allocation or designation of resources, responsibilities, or tasks to a specific account, project, or individual.

Unassigned

Refers to resources or tasks that have not been allocated or designated to a specific category, department, or individual.

Encumbrances Outstanding

Liens or claims against property or assets that are unresolved or have not been paid off, affecting an owner's ability to transfer a clear title.