Prospects for a secondary market for farm mortgages
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Prospects for a secondary market for farm mortgages

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Published by U.S. Dept. of Agriculture, Economic Research Service, available from the Supt. of Docs., U.S. G.P.O. in Washington, DC (1301 New York Ave., NW, Washington 20005-4788) .
Written in English



  • United States.


  • Secondary mortgage market -- United States.,
  • Farm mortgages -- United States.

Book details:

Edition Notes

StatementStephen W. Hiemstra, Steven R. Koenig, and David Freshwater.
SeriesAgricultural economic report ;, no. 603
ContributionsKoenig, Steven R., Freshwater, David.
LC ClassificationsHD1751 .A91854 no. 603, HG2040.25 .A91854 no. 603
The Physical Object
Paginationv, 54 p. :
Number of Pages54
ID Numbers
Open LibraryOL1811539M
LC Control Number89601035

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ondary market for conventional mortgages and the operations of Freddie Mac. The book has three sections. The fJrst, "Definition of the Secondary Mortgage Market," defines the secondary marlcet and describes. its functions, the organizations that are the major par­ ticipants, and the . key factors: (1) their capacity to hold mortgages on their own books; and (2) their ability to sell the mortgages they originate to third parties, i.e., the secondary market. 60 Percent of Mortgage Funding Comes from the Secondary Market A secondary market for residential mortgages first emerged in the s, when local and regional mismatches in.   The secondary mortgage market, including Freddie Mac, connects lenders, homebuyers and investors in a single, efficient system that benefits homebuyers in many ways, including: Keeping mortgage rates lower. Enabling interest rates for mortgage loans to be similar across the country, in good times and bad.   When private investors bring mortgage loans onto the secondary market, competition and risk become a much larger part of the game. They begin to drive mortgage rates and fees. For example, if you have a loan with a low credit score, a lender perceives you as risky.

A farm loan is simply an operating loan or line of credit applied to the acquisition of farm inputs (including labor), machinery and inputs, normally with a shorter-term duration than a or The secondary mortgage market lowers the cost of mortgages and increases access to home financing, while also pushing down interest rates and equalizing rates . Examples of Farm Loans. Operating Loans can be used to purchase livestock, seed and equipment. It can also cover farm operating costs and family living expenses while a farm gets up and running. Read more. Meet a Farmer: An Operating Loan helped Alaska . Includes Loan Officer Compensation, Secondary Quality Control and Secondary Loss Mitigation Mortgage Training Books and Programs. Contact Us. 1 Research Court, Suite Rockville, MD () toll free () 91 TRAIN e-mail us.

Farm Mortgage Loan. The United States was founded as an agrarian society; fully 90 percent of colonists were farmers. And while only 2% of the U.S. is now actively engaged in farming, agriculture is still big business in America.   Several players participate in the secondary mortgage market: mortgage originators (who create the loans), mortgage aggregators (who buy and securitize the loans), securities dealers/brokers (who. Farm Mortgages. The mortgage approval process for farming properties, on the other hand, is going to be a little more complicated. First of all, farm mortgages usually require a down payment of 25% or more. The lender is going to be taking a much higher risk . Securing Your Farm’s Future. There are multiple agricultural land loans made for all types of farm operations. Whether you’re looking to buy more farmland or new equipment, refinance your current farm loans, expand your livestock, or purchase more acreage for your orchard or vineyard, we offer customized solutions.