Which of the following participates in the primary mortgage market

The Federal Home Loan Bank Board is a regulatory body that oversees the Federal Home Loan Bank system but does not directly participate in the primary mortgage market. Instead, it provides support and liquidity to member banks, enabling them to better serve their customers, but it does not issue mortgages itself.

Land contract vendors often operate in alternative financing arrangements for real estate transactions but are not considered participants in the primary mortgage market. They typically provide financing directly to buyers under specific agreements rather than through traditional mortgage lending channels.

The World Bank is an international financial institution that provides loans and grants to the governments of developing countries for projects aimed at reducing poverty and promoting sustainable development. It does not engage in the primary mortgage market for individual home loans, focusing instead on larger-scale economic initiatives.