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22 August, 14:29

The primary distinction between the primary and secondary mortgage market is what?

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  1. 22 August, 14:37
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    See explanation section

    Explanation:

    The primary difference between the primary mortgage and secondary mortgage market is that the first mortgage market has created the loan throughout the market during the later mortgage type provides the loan seller with an opportunity to sell the investments (Loans) to the interested parties. The primary mortgage market has a mortgage banker to provide a loan. On the contrary, the secondary market has a mortgage aggregator to purchase the mortgages to sell them later.
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