Primary Mortgage Market: The mortgage market in which loans are originated and consisting of lenders such as commercial banks, savings and loan associations and mutual savings banks.

 

Related Words

Primary Mortgage Market: The mortgage market in which loans are originated and consisting of lenders such as commercial banks, savings and loan associations and mutual savings banks.

National Market: Related: Internal market

NASDAQ Stock Market: The NASDAQ Stock Market is the world's oldest and largest electronic stock market and is now a national securities exchange and an independent self-regulatory organization (SRO). The most ac . . . View Full Definition

Narrow Market: An inactive market, which displays large fluctuations in prices due to a low volume of trading.

Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges.

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

National Market Advisory Board: Group that advises the SEC on establishing a national exchange market system, which is a highly automated, continuous national exchange, but that preserves the regional exchanges.

Negotiated Markets: Markets in which each transaction is separately negotiated between buyer and seller (i.e., an investor and a dealer).

New-Issues Market: The market in which a new issue of securities is first sold to investors. This is not a separate market but refers to a niche of the overall market.

Non-Group Market: A market segment that consists of customers who are covered under an individual contract for health coverage or enrolled in a government program.