Secondary Mortgage Market
A market for the purchase and sale of existing mortgages, designed to provide greater liquidity for mortgages, also called the secondary money market. Mortgages are first originated in the primary mortgage market.
Real Estate Glossary
A market for the purchase and sale of existing mortgages, designed to provide greater liquidity for mortgages, also called the secondary money market. Mortgages are first originated in the primary mortgage market.