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The primary market takes the loan application, where the loan officer interviews the applicant, where the loan check comes from, and the place to which the loan payments are sent to from the borrower. There are two places that the funds can be divided in this source. The two markets are those regulated by the federal government and those that are not regulated by the federal government. Primary lenders sell their loans in what is called a secondary market so it is important to research the decision.
There are regulated and non regulated lenders. Regulated lenders are subject to restrictive regulations and they are subject to examination by federal regulators...
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