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FINANCING II PRIMARY & SECONDARY MARKETS

Chapter 15 Dearborn 13th Edition
Horizontales
Loan higher than those usually bought by the secondary market
Mortgage covering more than 1 parcel of real estate
Mortgage that provides possibility for further borrowing
Federal Home Loan Mortgage Corporation; warehouses packages of mortgages
Straight loan for short building period
A privately owned corporation that sets standards and buys mortgages
Additional financing for homeowners, usually a type of second mortgage
Agent who brings together lender and borrower for a fee
Verticales
Government National Mortgage Association; pools mortgages for investors
Bridge or swing loan for short term financing before a sale
Mortgage converting both real and personal property
Cooperative organization for members who save and borrow
Agent who makes real estate loans