secondary mortgage market Definition

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

Related Terms

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Fannie Mae -

primary mortgage market, asset-backed security

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

Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae)

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