Real Estate Exam [National] 81, Secondary Mortgage Market Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The fundamental difference between the primary market where loans start and the secondary market where they are traded. • How Fannie Mae and Freddie Mac provide liquidity by purchasing conforming loans from different types of financial institutions. • Why Ginnie Mae is unique as a government agency that guarantees mortgage-backed securities without purchasing loans. • How to identify conforming versus non-conforming loans based on secondary market standards. • Strategies to avoid common exam traps involving the flow of money and the definition of market liquidity. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep