Term: Secondary Market

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A market comprising investors like GNMA, FHLMC and FNMA, which buy large numbers of mortgages from the primary lenders and sell them to other investors.

Glossary: Bond
Glossary: Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)
Glossary: Federal National Mortgage Association (FNMA or Fannie Mae)
Glossary: Government National Mortgage Association (GNMA or Ginnie Mae)
Glossary: Mortgage Banker

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