To qualify as a temporary QM, a loan must be deliverable to which of the following?

To qualify as a temporary Qualified Mortgage (QM), a loan must be deliverable to a range of government-sponsored entities and government loan programs. This includes Fannie Mae, Freddie Mac, FHA, VA, and USDA. These entities provide backing that ensures the loans meet specific criteria that are crucial in the mortgage market, especially during periods of economic uncertainty.

The temporary QM definition was introduced to help lenders maintain access to the secondary market while offering loans that conform to certain affordability criteria, thereby protecting consumers and ensuring that the loans are in the best interest of borrowers. By delivering loans to Fannie Mae and Freddie Mac, lenders can rely on these established programs for liquidity and risk-sharing, while FHA and VA provide guarantees that further support loan accessibility for borrowers who may not qualify for conventional loans. USDA loans help facilitate mortgage opportunities in rural areas.

In contrast, the other options either include entities that do not play a role in the temporary QM classification or restrict the scope of eligible lenders too narrowly, making option B the comprehensive and correct choice.