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Introduction to Financial Services: The Housing Finance System (CRS Report for Congress)

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Release Date Revised Jan. 8, 2019
Report Number IF10126
Report Type In Focus
Authors Katie Jones, N. Eric Weiss
Source Agency Congressional Research Service
Older Revisions
  • Premium   Feb. 5, 2015 (2 pages, $24.95) add
Summary:

A loan that uses real estate as collateral is typically referred to as a mortgage. The U.S. mortgage market is one of the largest markets in the world with approximately $10 trillion in debt outstanding. The mortgage market can be thought of as having two major components—the primary market in which mortgages are originated and the secondary market in which existing mortgages are bought and sold.