Title: Describe the secondary mortgage market.
Course: Real Estate (12154) > Section: Examining Types of Mortgages and Deeds of Trust

Description should include Fannie Mae, Freddie Mac, Ginnie Mae, and Farmer Mac.

DPOR correlations: 18VAC135-20-400. 6 (Mortgages and deeds of trust); 18VAC135-20-400. 7 (Types of mortgages); 18VAC135-20-400. 14 (Real estate financing); 18VAC135-20-400. 23 (Housing legislation)

Process/Skill Questions:

- What is the secondary mortgage market?
- How does the secondary mortgage market differ from the primary mortgage market?
- How important is the secondary mortgage market to the ability to finance property?
- What is the difference between a conforming and nonconforming loan?