Primary Mortgage Market

Definition of "Primary mortgage market"

Mary Greenhalgh Thomas real estate agent
Mary Greenhalgh Thomas, Real Estate Agent Berkshire Hathaway Fox & Roach Media Home Marketing Ctr.

Mortgage market in which original loans are made by lenders. The market is made up with lenders who supply funds directly to borrowers and hold the mortgage until the debt is paid. Examples are savings and loans, commercial banks, mutual savings banks, and mortgage companies. The primary market is contrasted to the secondary mortgage market, which involves buying and selling of first mortgages by banks, insurance companies, and other mortgagees to free money for new loans.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions