| Introduction to Secondary Marketing provides an introduction to the secondary mortgage market. You will gain an understanding of the basic concepts, processes, major players, regulations, and trends involved in this area of mortgage banking. Course lessons include:
- Overview of Secondary Marketing
- How Secondary Marketing Works
- Commercial and International Secondary Marketing
Course Outline:
Lesson 1 - Overview of Secondary Marketing
- Evolution of Secondary Marketing: The Beginning; Creation of FHA, Fannie Mae, Ginnie Mae and VA; Growth of the Secondary Market
- Major Participants in the Secondary Market: Current Players; Government Sponsored Enterprises
- Meet the Secondary Market Professionals: Interviews; Industry Players; Warehousing; Shipping and Delivery
- Secondary Marketing: Overview; Operations Coordination; Pricing (1); Pricing (2); Pipeline Management; Loan Sales; Risk Management; Hedging
Lesson 2 - How Secondary Marketing Works
- Major Products in the Secondary Market
- Types of Mortgage-Backed Securities
- Features of Mortgage Backed Securities
- How Secondary Marketing Works: Overview; Rules of Secondary Marketing; Managing Risk; Pipeline Coverage (1); Pipeline Coverage (2); Pricing and Master Commitments
- Complying with Regulations
- Impact of Technology on Secondary Marketing: Overview; Secondary Marketing Business Applications;
- An Expert's View; Developing a Technology Strategy
Lesson 3 - Commercial and International Secondary Marketing
- Commercial Secondary Marketing: Overview; The Growth of CMBS and the GSEs; Commercial
- Mortgage Loan Pools; Participants and CMBS Transaction Timetable
- International Secondary Marketing: Overview and European Markets; Overview and European Markets;
- The United Kingdom, Canada, and Australia; Asia, Latin America, Africa and Others
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Secondary Marketing Achievement Certificate program. |