Mortgage markets
Primary mortgage market
Where loans are originated — lender to borrower
Banks, credit unions and mortgage bankers making loans directly to buyers. Most originators do not intend to hold those loans; they intend to sell them, which is what connects this market to the next one.
How the exam asks about it
Straightforwardly contrasted with the secondary market. Origination here, resale there.
Related terms
Sitting the license exam? Find out what you actually know.
Free practice questions built to the published national content outline, with an explanation after every answer. No account, no paywall.
Independent exam preparation. Real Estate Exam Bank is not a state-approved pre-licensing course and completing anything here does not satisfy any state education requirement. Not affiliated with, endorsed by, or authorized by any state real estate commission, Pearson VUE, or PSI. Practice questions here are original study material, not the official exam.