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Mortgage Market (characteristics of mortgage loan (mortgage interest rate,…
Mortgage Market
primary market
mortgage brokers
mortgage bankers
credit unions and banks
secondary market
mortgage originators
mortgage aggregators
investors
pension funds
insurance companies
hedge funds
characteristics of mortgage loan
mortgage interest rate
loan term
collateral (lien)
mortgage loan amortization
clear title
ways to protect against default
down payment
private mortgage insurance
positive borrower qualification before granting a mortgage loan
difference from capital market
usual borrowers are individuals
mortgage loans are secured by real estate
mortgage loans made for varying amounts and maturities,depending on the borrowers needs