Secondary Marketing
Help provided by the MBSD Group and secondary marketing
Secondary marketing is the market where mortgage bankers and investors come together to sell and buy existing mortgages. Material on this page provides critical information to MBA members involved in secondary marketing activities. The federal government has encouraged the formation of this market by creating the Government-Sponsored Enterprises: Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Banks. MBA members also issue mortgage securities that form a secondary market execution for mortgage that often are not eligible for purchase or securitization by government agencies. The secondary market provides liquidity to the primary mortgage market. The secondary marketing manager in a mortgage bank must be concerned with risk management, pipeline management and mortgage loan sales.As long as the mortgage banker or portfolio lender closes standard loans in accordance with secondary marketing requirements, they can sell the mortgage at almost any time the need arises.
SECONDARY MARKETING RESOURCES
Ginnie Mae: APMs, MPMs, MBS Guide, MIP#s
Non-Agency: Reg AB
Conforming Loan Limits
FHA/HUD: Mortgagee Letters, FHA Mortgage Limits, Forms
Veterans Administration: Circulars
Fannie Mae: Guide Announcements, Lender Letters
Freddie Mac: Seller/Servicer Bulletins, Guide Forms
Contact the MBSD Group for help with secondary marketing.
Secondary marketing is the market where mortgage bankers and investors come together to sell and buy existing mortgages. Material on this page provides critical information to MBA members involved in secondary marketing activities. The federal government has encouraged the formation of this market by creating the Government-Sponsored Enterprises: Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Banks. MBA members also issue mortgage securities that form a secondary market execution for mortgage that often are not eligible for purchase or securitization by government agencies. The secondary market provides liquidity to the primary mortgage market. The secondary marketing manager in a mortgage bank must be concerned with risk management, pipeline management and mortgage loan sales.As long as the mortgage banker or portfolio lender closes standard loans in accordance with secondary marketing requirements, they can sell the mortgage at almost any time the need arises.
SECONDARY MARKETING RESOURCES
Ginnie Mae: APMs, MPMs, MBS Guide, MIP#s
Non-Agency: Reg AB
Conforming Loan Limits
FHA/HUD: Mortgagee Letters, FHA Mortgage Limits, Forms
Veterans Administration: Circulars
Fannie Mae: Guide Announcements, Lender Letters
Freddie Mac: Seller/Servicer Bulletins, Guide Forms
Contact the MBSD Group for help with secondary marketing.
posted by Bill at 9:45 PM
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