Mortgage Loan > Second layer lenders in the US

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Second-layer lenders in the US

A group called ''second-layer lenders'' became an important force in the residential mortgage market in the latter half of the [[1960s]]. These federal credit agencies, which include the Federal Home Loan Mortgage Corp., the Federal National Mortgage Association, and the Government National Mortgage Association, conduct secondary market activities in the buying and selling of loans and provide credit to primary lenders in the form of borrowed money. They do not have direct contact with the individual consumer.

Last Updated: 29.06.2008

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Mortgage Loan.

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