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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 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 marketSecondary marketThe trading of shares amongst investors which does not involve the company itself. When people talk about trading on the stock market, they are generally referring to the secondary market, which involves brokers, market makers and an exchange providing a technical platform for trades to take place. The companies and their shares are the subject of the trading, but they are not directly involved as participants.The primary market refers to the situation in which a company sells newly issued shares to investors, possibly in an IPO, or places them with institutions. Forfaiter (Secondary)Forfaiter (Secondary)An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor. Secondary OfferingSecondary OfferingAn IPO in which privately held shares in a corporation are sold to the public. Secondary 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. Further SuggestionsSecondary tariffsSpot secondary Secondary issue Registered secondary offering Secondary Financing |
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