Finance
Secondary Mortgage Market
A concise definition for the California Real Estate Exam study guide.
Definition
Institutions (Fannie Mae, Freddie Mac, Ginnie Mae) that purchase mortgage loans from originators, providing liquidity to the primary mortgage market.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 5: Finance, Mortgages & Loan Types →