Fannie Mae is largely responsible for creating a secondary mortgage market in the United States.

Name: Fannie Mae is largely responsible for creating a secondary mortgage market in the United States.
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Fannie Mae, established as part of the New Deal in 1938, played a crucial role in creating a secondary mortgage market in the United States by purchasing loans from the primary lenders, thus providing them with the liquidity to issue more mortgages.

Fannie Mae Is Largely Responsible for Creating a Secondary Mortgage