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Secondary mortgage market

Index Secondary mortgage market

The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans. [1]

22 relations: Alt-A, Brooklyn Law School, Chuck Schumer, Correspondent lender, Development of non-profit housing in the United States, Emergency Economic Stabilization Act of 2008, EMortgages, Fannie Mae, Financial crisis of 2007–2008, First and second terms of the presidency of Franklin D. Roosevelt, Freddie Mac, Funding liquidity, Global financial crisis in September 2008, Global financial system, Index of real estate articles, Mortgage industry of the United States, Mortgage law, Political positions of John McCain, Raymond Lapin, Real estate mortgage investment conduit, Service release premium, Vlastimil Koubek.

Alt-A

An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category.

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Brooklyn Law School

Brooklyn Law School (BLS) is a law school founded in 1901.

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Chuck Schumer

Charles Ellis Schumer (born November 23, 1950) is an American politician of the Democratic Party serving as the senior United States Senator from New York, a seat he was first elected to in 1998.

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Correspondent lender

A correspondent lender originates, and unlike a mortgage broker, underwrites, and funds mortgage loan using their own funds.

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Development of non-profit housing in the United States

Non-profit housing developers build affordable housing for individuals under-served by the private market.

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Emergency Economic Stabilization Act of 2008

The Emergency Economic Stabilization Act of 2008 (Division A of), commonly referred to as a bailout of the U.S. financial system, is a law enacted subsequently to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks.

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EMortgages

An eMortgage is an electronic mortgage where the loan documentation is created, executed, transferred and stored electronically.

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Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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First and second terms of the presidency of Franklin D. Roosevelt

The first and second terms of the presidency of Franklin D. Roosevelt began on March 4, 1933, when he was inaugurated as the 32nd President of the United States, and ended with Roosevelt's third inauguration on January 20, 1941.

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Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.

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Funding liquidity

Funding liquidity is the availability of credit to finance the purchase of financial assets.

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Global financial crisis in September 2008

The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global credit markets and insolvency threats to investment banks and other institutions.

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Global financial system

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

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Index of real estate articles

This aims to be a complete list of the articles on real estate.

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Mortgage industry of the United States

The mortgage industry of the United States is a major financial sector.

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Mortgage law

A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money.

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Political positions of John McCain

U.S. Senator John McCain (R-AZ), a member of the U.S. Congress since 1983, a two-time U.S. presidential candidate, and the nominee of the Republican Party in the 2008 U.S. Presidential election, has taken positions on many political issues through his public comments, his presidential campaign statements, and his senatorial voting record.

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Raymond Lapin

Raymond H. "Ray" Lapin (13 February 1919 – 2 April 1986) was an American mortgage banking executive known as the father of the secondary mortgage market.

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Real estate mortgage investment conduit

A real estate mortgage investment conduit (REMIC) is "an entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors" under U.S. Federal income tax law and is "treated like a partnership for Federal income tax purposes with its income passed through to its interest holders".

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Service release premium

A service release price (SRP) is the payment received by a lending institution, such as a bank or retail mortgage lender, on the sale of a closed mortgage loan to the secondary mortgage market.

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Vlastimil Koubek

Vlastimil Koubek (March 17, 1927 – February 15, 2003) was a Czech American architect who designed more than 100 buildings, most of them in the Washington, D.C., metropolitan area.

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References

[1] https://en.wikipedia.org/wiki/Secondary_mortgage_market

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