RE-160 Chapter Notes - Chapter 14: Down Payment, Farm Credit System, Debt Ratio
18 Dec 2020
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Chapter 14: government involvement in re financing - part 2: the secondary. The secondary mortgage market loans are bought and sold only after they have been funded by government-sponsored enterprises (gses). Purchase and sale of existing mortgages, designed to provide greater liquidity for mortgages. Deals in all real estate loans - fha, va, and conventional. Buys block or pool of mortgages from a lender which are used as collateral for mortgage backed securities which are sold on a global market. Provides a secondary market primarily for conventional loans. Sells mortgage backed securities like fannie mae. Privately owned and publicly traded company established by congress. Provides a secondary market for agricultural and rural development loans guaranteed by the usda. Administers special assistance programs for real estate loans. Guarantees mortgage backed securities issued by private offerors and backed by pools of fha and va loans. A security in a pool of mortgages.
