Secondary markets do not generally service loans, which could include collecting and processing tax payments.
The effects of local real estate cycles can be moderated by the banks having stable investments from other areas, by providing additional funds for local banks to loan, and by having standards that allow loans to be sold throughout the country. Which is NOT a way in which secondary mortgage markets make local real estate markets more stable? collecting and processing county property tax payments Mortgage banks often sell mortgages to third-party investors in the secondary market but may generate income by continuing to service the loans for the investors who have purchased the loans. After mortgage banks sell mortgages to third-party investors in the secondary market, these lenders may continue to generate income by servicing the loans for the investors who have purchased the loans. Some lenders and investors are willing to make these riskier loans because they can get much higher interest rates and fees than they can with other real estate loans. TERMS IN THIS SET (412) A borrower with less than perfect credit or other risk factors may qualify most easily for what type of loan? Subprime loans fill a need for those with less than perfect credit who want to own a home.
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