Originating lenders use the proceeds secured from selling loans tosecondary mortgage market to fund new mortgages. This continuouslyreplenishes the funds available for lending to home buyers. Just as thestock market has put investor capital to work for corporations, thesecondary mortgage market puts private investor capital to work for homebuyers. Repeating this cycle increases the availability, accessibility, andaffordability of mortgage funds for low- and middle-income Americans.
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