Definition of a Mortgage Aggregator | Our Everyday Life

Definition of a Mortgage Aggregator

by Laura Kingsbury

The secondary mortgage market is made up of third party aggregators who buy and sell mortgages.

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A mortgage aggregator is a middleman in the secondary mortgage market who buys individual mortgages from financial institutions, packages them as mortgage-backed securities...

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Definition of a Mortgage Aggregator - Budgeting Money

A mortgage aggregator buys home mortgages from banks and other loan originators, packages them as marketable securities, and obtains a rating on each bundle that describes its investment risk, primarily from one of two large rating services. The aggregator resells these risk-rated mortgage bundles to large institutional investors, primarily insurance companies, hedge funds, and very wealthy...

Website: http://budgeting.thenest.com

Aggregator - Definition of Aggregator - QFINANCE

Definition of aggregator

Definition of

aggregator

1. Finance

firm selling product packages a company that combines similar products or services into larger packages, making a profit by cost savings, by reaching a larger market, or by charging more for the combined package. In the secondary mortgage market, aggregators buy individual...

Website: http://www.financepractitioner.com

Behind the Scenes of Your Mortgage | Investopedia

A mortgage can be seen as a stream of future cash flows . These cash flows are bought, sold, stripped, tranched and securitized in the secondary mortgage market . The secondary mortgage market is extremely large and very liquid.

From the point of origination to the point at which a borrower's monthly payment ends up with an investor as part of an mortgage-backed security (MBS), asset-backed...

Date: 2017-04-03 06:41:24
Website: http://www.investopedia.com

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