Copyright

Primary vs. Secondary Mortgage Markets: Definition & Differences

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT an originator of mortgages?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Ben wants to buy a house but needs a loan. What market does he need to go to for the loan?

2. What does an aggregator do?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Find out what you know about primary and secondary mortgage markets with these study tools. Included are quiz questions which will test you on the roles of the different mortgage markets.

Quiz & Worksheet Goals

Use these tools to:

  • Determine an originator of mortgages
  • Understand which market would provide a loan for an individual looking to buy a house
  • Assess the responsibilities of an aggregator
  • Identify who gives loans to mortgage originators
  • Name the mortgage market who was a major culprit in the Great Recession

Skills Practiced

Use the quiz and worksheet to practice the following:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on primary and secondary mortgage markets
  • Interpreting information - verify that you can read information regarding who gives loans to mortgage originators and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the responsibilities of an aggregator

Additional Learning

The lesson entitled Primary vs. Secondary Mortgage Markets: Definition & Differences has more information on the subject. The lesson will cover the subsequent study points:

  • Compare and contrast a mortgage broker and a mortgage banker
  • Define origination fee
  • Explain mortgage backed securities
  • Understand the role of secondary markets
Support