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
1 Comments:
Scientology and Arnie Lerma
"The Deception
Arnaldo Lerma earns money by soliciting donations to his various hate-related causes at his Internet domain and begs for financial support in email he sends and newsgroup postings. The majority of funding has come from a few wealthy contributers whom Lerma has conned. Some of these people finally caught on and stopped funding Lerma.
Lerma's requests for financial support are carefully worded, designed to deceive the unsuspecting reader. On his Internet website he specifically says, "Your non-tax deductible gift".
"Non-tax deductable gifts" are distinguishable from personal income per US tax law. "Gifts" are not the same as donations to a non-profit organization such as a church or the fireman's relief fund.
He also requests potential "marks" call him on the telephone, possibly so he can request that they send cash. Beware of any businesses (esp. Internet based) that specifically request that you pay in cash.
Lerma's business (inc. Internet based) is a FOR PROFIT activity, it is NOT a charitable institution. Beware of businesses that mimic non-profit institutions."
says http://www.lermanet.org
Exposing the Con
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