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Secondary mortgage market |
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Secondary Mortgage MarketThe buying and selling of first mortgages of trust deeds by banks, insurance companies, government agencies, and other mortgagees. This enables lenders to keep an adequate supply of money for new loans. The mortgages may be sold at full value (par) or above, but are usually sold at discount. The secondary mortgage market should not be confused with second mortgage.Secondary mortgage marketBuying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities.Secondary mortgage market Similar MatchesSecondary distribution or offeringSecondary distribution or offeringPublic sale of previously issued securities held by large investors, usually corporations or institutions, as distinguished from a primary distribution, where the seller is the issuing corporation. The sale is handled off the NYSE, by a securities firm or a group of firms, and the shares are usually offered at a fixed price related to the current market price of the stock. Secondary FinancingSecondary FinancingA loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed. Secondary marketSecondary marketThe market in which securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. Seasoned securities are traded in the secondary market. Secondary OfferingSecondary OfferingAn IPO in which privately held shares in a corporation are sold to the public. Secondary issueSecondary issue(1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock. Further SuggestionsSpot secondaryForfaiter (Secondary) Registered secondary offering Secondary tariffs secondary market |
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