Please enable JavaScript.
Coggle requires JavaScript to display documents.
The mortgage market (Mortgage loan contracts contain many legal and…
The mortgage market
-
TYPES OF MARKETS
:check: Primary market
The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transactions.
-
:check:Secondary market
The market where mortgage loans and servicing rights are bought and sold between mortgage originators, mortgage aggregators and investors.
-
-
-
-
The loan is amortized: the borrower pays it off over time in some combination of principal and interest payments that result in full payment of the debt by maturity.