Secondary Mortgage Market
Definition
- This market refers to mortgage loans that are bundled together and sold as securities to investors. This process enables more potential home buyers to obtain mortgages because more money is freed up for lending.
Synonyms
mortgage equity exchange, mortgage equity market, mortgage aftermarket
Related Terms and Acronyms
- Asset-Backed Securities (ABS) — Acronym, Very Important,
- Securities backed by a pool of assets.
➥ Financial security made up of a bundle of assets. - Canadian Depository for Securities Limited — Company,
- Agency responsible for the automatic processing and clearing of all securities transactions in Canada.
- Issuer — Definition,
- A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
- Mortgage-Backed Securities — Definition, Important,
- Securities backed by mortgage debt.
- Portfolio Lender — Definition,
- A company that underwrites mortgage loans and keeps them on the books instead of selling them on the secondary market.
- Secondary Market — Definition,
- A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
- Securities/Investment Dealer — Definition,
- One who acts as the agent for another party to buy and sell securities and other investments; also an underwriter.
- Security — Definition,
- Property designated as collateral.
- A document stating ownership of a stock or bond.
- A tradable financial implement that represents ownership, the rights to ownership or debt.
