{"id":21160,"date":"2023-02-13T13:38:58","date_gmt":"2023-02-13T13:38:58","guid":{"rendered":"https:\/\/businessyield.com\/?p=21160"},"modified":"2023-04-03T19:32:08","modified_gmt":"2023-04-03T19:32:08","slug":"secondary-mortgage-market","status":"publish","type":"post","link":"https:\/\/businessyield.com\/real-estate-investment\/secondary-mortgage-market\/","title":{"rendered":"Secondary Mortgage Market: Step By Step Guide On How It Works","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Have you ever wondered what happens to your mortgage money after you pay it off? It could end up in the secondary mortgage market. The secondary market<\/a> accounts for a major portion of mortgages in the United States, allowing lenders to provide loans and allow more individuals to purchase homes. Buying a property would be more difficult without it. Lenders and investors buy and sell mortgages and servicing rights in the secondary mortgage market. It was developed by the United States. The United States Congress in the 1930s. Its goal is to provide lenders with a consistent stream of funds to lend while also reducing the risk of mortgage ownership.<\/p>\n
Continue reading to understand the secondary mortgage market, how it works, the major participants, investors, lenders, the risks & rewards it entails.<\/p>\nWhat is the Secondary Mortgage Market?<\/span><\/h2>\n