Secondary market Flashcards
(4 cards)
1
Q
The _____ ______ is where existing mortgages are purchased and sold
A
secondary market
2
Q
Portfolio lenders hold _____ loans in its portfolio and service the loans
A
mortgage loans
3
Q
Most lenders sell the loans in the ___ ____ market
A
secondary mortgage
4
Q
What are the two objectives of the secondary mortgage market?
A
- to circulate the mortgage money supply
- standardize loan requirements
