FRECI_13-9 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 13 – Lecture 9 Types of Mortgages and Sources of Financing Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Discover the purpose of the secondary mortgage market Identify the roles Ginnie Mae, Fannie Mae and Freddie Mac Copyright, 2005 3 Vocabulary Terms None! Copyright, 2005 4 Secondary Mortgage Market Provides opportunities to sell mortgages currently in existence Provides “re-loanable” funds to primary lenders Provides vehicles by which to securitize mortgages Makes mortgages a more liquid commodity The primary source of mortgage capital available in the U.S.! Copyright, 2005 5 Secondary Mortgage Market Participants 1. Fannie Mae 2. Ginnie Mae 3. Freddie Mac Fannie Mae and Freddie Mac are two of the largest corporations in the U.S.! Copyright, 2005 6 1. Fannie Mae Originally a government agency Privatized in 1968 (NYSE company)
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_13-9 - Lecture Preview Florida Real Estate Commission...

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