secondary mortgage market

Definition

The segment of the mortgage market where mortgages are resold, not where mortgages are originated. Mortgages in this market are often grouped together into tranches based on risk, size and structure, and are then sold as a collateralized debt obligation, mortgage-backed security or other type of derivative.

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You may want to look in to the secondary mortgage market and see if there is anything to be made in it.

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The secondary mortgage market was really cool to learn about and it was interesting to learn that the mortgages did not originate from it.

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The secondary mortgage market in Hickory is really high because there are a bunch of people who could not afford the houses that they purchased to begin with.

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