Florida Real Estate Chapter 13 Flashcards

Florida Real Estate Chapter 13 Flashcards Secondary Mortgage Marketis an investor market that buys & sells already existing Mortgages.Truth in Lending Actinforms consumers of exact credit costs before they make a purchase so they may compare various credit terms and costs.IntermediationIs a process practiced by financial thrift institutions that serve as financial, middlemen between depositors and borrowers DisintermediationOccurs when funds are withdrawn from intermediary financial institutions, such as banks, and savings associations, and are invested in instruments yielding a higher return.primary marketIs a market where securities or goods are actually created.Fannie Mae, Freddie Mac, Ginnie Maeare secondary market participates that buy up existing mortgages. Bank gives consumer mortgage @ 6%, they might sell it to one of these @5% and make a point back quickly. This replenishes funds back into the financially system.