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• The market for buying and selling existing mortgages; this could be in the form of whole mortgage or MBS sales. Both the primary and secondary mortgage markets are over-the-counter markets — there is no central exchange. Rather, loans are bought and sold through personal and institutional networks.

  Federal Housing Finance Agency, Office of Inspector General - Cite This Source - This Definition
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  Cite Definition for Secondary Mortgage Market

  American Psychological Association (APA)

  Secondary Mortgage Market. (n.d.). Federal Housing Finance Agency Glossary of Terms. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/secondary-mortgage-market.

  Chicago Manual of Style (CMS)

  Secondary Mortgage Market. fhfaoig.gov. Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. http://www.expertglossary.com/definition/secondary-mortgage-market (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Secondary Mortgage Market." Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. 3 February. 2023 http://www.expertglossary.com/definition/secondary-mortgage-market.

• Browse Related Terms: Chapter 7 Bankruptcy, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae), Investment Property, Mortgage-Backed Securities (MBS), Preferred Stock, Primary Mortgage Market, Secondary Mortgage Market, Securitization

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