Secondary Mortgage Market Enhancement Act (SMMEA)

Definition

A law passed in 1984 that allowed regulated financial institutions to invest in mortgage-backed securities. This law led to rapid growth in the secondary mortgage market, but it also contributed to the collapse of the housing market that began in 2007.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
secondary mortgage market secondary offering