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National Mortgage Market:
The National Mortgage Market, sometimes called the "Secondary Mortgage Market," is a big group of people who buy and sell home loans. When someone wants to buy a house, they usually go to a bank or another primary lender to get a loan. But sometimes, those lenders want to sell those loans to other people instead of keeping them.
For example, let's say you want to buy a house and you get a loan from a bank. The bank might turn around and sell that loan to a group of investors in the National Mortgage Market.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
The National Mortgage Market, oh my!
It's where home loans go to multiply!
Private and government groups come to play,
Buying up loans, day after day!
The Secondary Mortgage Market it's sometimes called,
It's where primary lenders go to be enthralled!
Selling off loans to make some cash,
While investors hope to strike it big with a dash!