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secondary mortgage market

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Secondary mortgage market
Buying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities.

Secondary Mortgage Market
The market for buying and selling mortgages. After a bank makes a mortgage loan to a client, it may choose to sell the loan to another party, which reduces its risk of non-payment; this transaction is based on the same concept as accounts receivable financing. Often, these mortgages are re-packaged together as mortgage-backed securities.

secondary mortgage market

The market for the purchase and sale of existing mortgage loans as long-term investments. Fannie Mae purchases many mortgages, as do other private investment groups. See collateralized mortgage backed securities, REMIC, Fannie Mae, and collateralized mortgage obligation.



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What future form and structure will the nation's secondary mortgage market take, and how will mortgage originators, including credit unions, be able to access it?
In releasing the paper, Berman said, "It's now been more than two years since the secondary mortgage market collapsed.
The secondary mortgage market "has virtually eliminated most of the subprime products that created the problems nationwide," Mallioux said.
 
 
 
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