HomeTermsCompareFinance Secondary Mortgage MarketThe definition for Secondary Mortgage Market:The 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. Similar MatchesSecondary FinancingSecondary FinancingA loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed. Click to compare definitions of Secondary Mortgage Market Click to view definitions beginning se |