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LSDefine

Simple English definitions for legal terms

mortgage market

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A quick definition of mortgage market:

Definition: The mortgage market is where people go to get loans to buy a house. The primary mortgage market is where the loans are first given out, and the secondary mortgage market is where those loans are sold to other people.

A more thorough explanation:

The mortgage market refers to the conditions that create the demand for new mortgage loans and the resale of those loans in the secondary mortgage market. It is divided into two parts: the primary mortgage market and the secondary mortgage market.

The primary mortgage market is the national market where mortgages are originated. This is where borrowers go to obtain a mortgage loan from a lender, such as a bank or credit union. The lender will evaluate the borrower's creditworthiness and ability to repay the loan before approving the mortgage. Once approved, the lender will provide the funds to the borrower to purchase a home or refinance an existing mortgage.

The secondary mortgage market is the national market where existing mortgages are bought and sold, usually on a package basis. This market allows lenders to sell their existing mortgages to investors, freeing up capital to make new loans. Investors can then earn a return on their investment by collecting the interest payments from the borrowers.

For example, John wants to buy a house but doesn't have enough money to pay for it outright. He goes to a bank in the primary mortgage market and applies for a mortgage loan. The bank evaluates his creditworthiness and approves him for a loan. John uses the loan to purchase the house.

Later, the bank decides to sell John's mortgage to an investor in the secondary mortgage market. The investor pays the bank for the right to collect the interest payments from John. This allows the bank to free up capital to make new loans, while the investor earns a return on their investment.

This example illustrates how the mortgage market works to provide funding for home purchases and investments. It shows how the primary and secondary mortgage markets work together to create a fluid market for mortgage loans.

mortgage-guarantee insurance | mortgage note

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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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