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Sources of Financing
Reading Ch. 13, Jacobus
1. Primary Mortgage Market
a. Regulated Markets
b. Non-regulated Markets
2. Secondary Mortgage Market
a. Loan to customer systems
i. Traditional
ii. Secondary Market
b. Loan Procedures
c. Secondary Market Participants
i. FNMA
ii. GNMA
iii. FHLMC
iv. Farmer Mac
3. Availability of Mortgage Money
a. Usury rates
b. Due-on-sale clauses
c. Prepayment