Last reviewed 08-20-2026Short-Sale.com Editorialglossary
SECONDARY MARKET
California Department of Real Estate
Updated 08-20-2026
SECONDARY MARKET
The buying and selling of existing deeds of trust and promissory notes. The primary market is the one in which lenders loan money to borrowers; the secondary market is the one in which the lenders sell their loans to the large secondary marketing agencies (FNMA, FHLMC, and GNMA) or to other investors.
California Department of Real Estate Glossary
California Department of Real Estate · p. 30
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