Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is the influence of the secondary mortgage market?
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Step 1
STEP 1:
INTRODUCTION
Secondary Mortgage market is the market where the buying and selling of mortgage and servicing loans takes place. In the secondary mortgage market, the loans offered by the banks to the people are securitised and sold to the investors.
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