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What is secondary mortgage market ?

  • “Primary market” is a financial institution which provide the mortgage loan straightly to the resident such as Bank or Credit Foncier ext.
  • The secondary mortgage is a financial institution which purchased the mortgage loan from primary mortgage institute to issue the bond that has a mortgage back securitize and provide to investors by raising fund in capital market which is call “Securitization” such as Secondary Mortgage Corporation.

 

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