Which of the following is not a primary lender?

The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is not considered a primary lender. Instead, it operates as a secondary market entity that purchases mortgages from primary lenders, such as banks and mortgage bankers. Its role is to provide liquidity, stability, and affordability to the mortgage market by buying loans that primary lenders originate. This process allows primary lenders to free up capital and offer more loans to consumers, thus playing a crucial role in the overall mortgage lending ecosystem.

In contrast, credit unions, mortgage bankers, and commercial banks directly provide loans to consumers or businesses, making them primary lenders. Their primary function is to originate loans, evaluate creditworthiness, and manage the lending process, which differs from the operational model of the Federal Home Loan Mortgage Corporation.