| 释义 |
secondary mortgage market
Secondary mortgage marketBuying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities.Secondary Mortgage MarketThe market for buying and selling mortgages. After a bank makes a mortgage loan to a client, it may choose to sell the loan to another party, which reduces its risk of non-payment; this transaction is based on the same concept as accounts receivable financing. Often, these mortgages are re-packaged together as mortgage-backed securities.secondary mortgage marketThe market for the purchase and sale of existing mortgage loans as long-term investments. Fannie Mae purchases many mortgages, as do other private investment groups. See collateralized mortgage backed securities, REMIC, Fannie Mae, and collateralized mortgage obligation. AcronymsSeeSMM |