- Study guides, Class notes & Summaries

Which of the following is a primary market lender? Federal Housing Administration Mortgage banking company Mortgage broker Veterans Administration - correct answers Mortgage banking company A mortgage banker is a primary market lender, meaning that it originates loans directly to property buyers. Under the traditional distinction between a mortgage banker and a mortgage broker, a mortgage broker negotiates loans, bringing borrowers and lenders together for a fee, but (unlike a mortgage ...