Prior to 1970,mortgages were ________ resold in the secondary market.
A)never
B)rarely
C)often
D)always

Question

Quizplus · Accepted Answer

Prior to 1970, mortgages were rarely resold in the secondary market. This was primarily due to the lack of a well-established secondary market for mortgages, and the fact that most lenders preferred to hold their mortgages until they were paid off in full. It was not until the creation of government-sponsored entities like Fannie Mae and Freddie Mac that a viable secondary market for mortgages began to emerge.

Prior to 1970,mortgages Were ________ Resold in the Secondary Market