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Secondary mortgage market
A market of packaged home loans that are resold as securities to investors. Major players are Fannie Mae and Freddie Mac.
Related Terms
Freddie Mac
Fannie Mae
Portfolio lender
Days on the market
Buyer's market
Seller's market
Low-ball offer
Money market account
Backup offer
Appraised value
Appraisal fee
Listing inventories
Market value
Open listing
Fixer-upper
Market conditions
Money market funds
Alternative mortgage
Rehabilitation mortgage
Purchase-money mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Buy-down mortgage
Convertible adjustable-rate mortgage
Resale value
Growing-equity mortgage
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