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Final … Cycle funds back to primary landers so they can make more loans, One of the primary purposes for the secondary mortgage market is to, The major players in the secondary mortgage market are, The primary role of the Federal housing authority in the mortgage lending market is to, Guaranteed loans made by approved lenders, The principal role of the veterans administration in the mortgage lending market is to, A graduated payment loan is a mortgage loan where, The borrower pays additional interest at the onset in order to obtain a lower interest rate, A buydown is a financing arrangement where, The key feature of an adjustable mortgage loan is that, The seller offering the buyer a wraparound can profit from a difference in interest rates, One feature of a wraparound mortgage loan is that, A builder is required to secure a loan with mortgages and three properties. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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