Debt Markets

There are several types of home mortgages in the debt market. Briefly describe fixed and variable rate mortgages the focus on balloonpayment mortgage and discuss why financial institutions in this market might prefer this type.

Both stocks and bonds have secondary markets, describe the meaning of this term and compare them to the secondary market for mortgage backed securities. Focus on the activity level.

Briefly discuss the types of financial institutions that participate in the residential mortgage market and those who supply commercial mortgages.