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.




secondary mortgage market is ...
... part of the
Lending & Credit, Real Estate and Trading subjects.


Related Terms

mortgage banker -
pool -  More
Fannie Mae -
primary mortgage market, asset-backed security


secondary mortgage market appears in the definitions of these other terms on BusinessDictionary.com

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