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LSDefine

Simple English definitions for legal terms

primary mortgage market

Read a random definition: Nondelegation Doctrine

A quick definition of primary mortgage market:

The primary mortgage market is where people go to get a new mortgage loan. This is where lenders offer loans to people who want to buy a home. The secondary mortgage market is where existing mortgages are bought and sold. This is usually done in large packages.

A more thorough explanation:

The primary mortgage market is where new mortgages are originated. This is where borrowers go to obtain a mortgage loan to purchase a home or refinance an existing mortgage. The primary mortgage market is made up of lenders such as banks, credit unions, and mortgage companies.

For example, if you want to buy a house, you would go to a lender in the primary mortgage market to apply for a mortgage loan. The lender will evaluate your creditworthiness, income, and other factors to determine if you qualify for a loan and how much you can borrow.

The primary mortgage market is important because it provides the initial funding for mortgages. Once a mortgage is originated, it can be sold in the secondary mortgage market to investors such as Fannie Mae and Freddie Mac. This allows lenders to free up capital to make more loans.

Overall, the primary mortgage market is a crucial part of the housing market and the economy as a whole. It provides the financing that allows people to buy homes and invest in real estate.

primary-line injury | primary obligation

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Dkk
19:42
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!
TY
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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