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Mortgage Professor about secondary mortgage market: | |||||||||||||||||||||||
Do Secondary Mortgage Markets Help Borrowers?
October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... Fixing the Mortgage System So It Works For Borrowers September 5, 2005 In some respects, the United States housing finance system is the best in the world. In other respects, it is unworthy of a banana republic. Our housing finance system has a primary market and a secondary market. The primary market is the market the borrower ... more... |
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secondary mortgage market related definitions |
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Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Freddie Mac Freddie Mac Federal Home Loan Mortgage Corporation (FHLMC) also called "Freddie Mac" - a quasi-governmental, federally sponsored organization that acts as a secondary market investor to buy and sell mortgage loans. FHLMC sets many of the guidelines for conventional ... more... |
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More about secondary mortgage market Renting Versus Buying A Home Eight Common Predatory Lending Schemes Are You Ready for a 40-year Mortgage? Credit Scoring: What it is, and How It Affects You Keep Your Eye Focused On Treasury Bond Rates To Adjust Your Current Mortgage Rates Do You Qualify for a Loan? Mortgage Loans 101: Who or What is Freddie Mac? Real Estate Tip: Escrow Accounts -- Do You Really Need Them? How Mortgages Work in the Primary and Secondary Market Need Mortgage? Alternative Finance Often Masks Predators, Who Want to Steal Your House
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