David Saks: August 2010

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 760

                                                     #760

When funds are sought for single family mortgage loans those funds are usually provided by secured collateral in the form of treasury notes or existing equity in residential  or commercial property.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

Funds for mortgage loans for single-family residences comes from the primary mortgage market and includes savings deposits and deposits in savings and loan associations and from Fannie Mae, which is the secondary mortgage market which obtains capital from investors who invest in pools of mortgages.

The capital from the investment pools flows back into the primary mortgage market so the banks will have more money to lend in the primary market.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • August 02 2010 09:12PM
Real Estate Practice : Lesson 760
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