Real Estate Practice : Lesson 160

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Education & Training with The Real Estate Mart of Tennessee, Inc. TN LIC# 290452

                                                     business

When funds are sought for single family mortgage loans those funds are usually provided by secured collateral in the form of treasury notes or existing equity in residential  or commercial property.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

Funds for mortgage loans for single-family residences comes from the primary mortgage market and includes savings deposits and deposits in savings and loan associations and from Fannie Mae, which is the secondary mortgage market which obtains capital from investors who invest in pools of mortgages.

The capital from the investment pools flows back into the primary mortgage market so the banks will have more money to lend in the primary market.

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David Saks


 

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Topic:
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Location:
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Tags:
theory and practice

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Rainmaker
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Kathy Knight
BROKER, ABR, CRS, GRI, SFR, Wilmington NC Homes and Beach Homes
Intracoastal Realty Corp

Got it right and very cute bird....

May 22, 2009 08:37 PM
Rainmaker
807,358
Anthony Stokes-Pereira
Realtor
Better Homes and Gardens Rand Realty

Hi David;

Another great picture and super information. good luck!

May 22, 2009 09:13 PM
Rainmaker
1,178,380
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

Thanks Kathy. The Puffin is an amazing bird.

May 22, 2009 09:31 PM
Rainmaker
1,178,380
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

Thank you, Anthony. It'll be fascinating to see how the MBS market evolves with Treasury intervention.

May 22, 2009 09:33 PM
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David Saks

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