NDSU North Dakota State University
Fargo, N.D.

NDSU Institutional Repository

A Secondary Market For North Dakota Farm Mortgages

Show full item record

Click to view higher resolution file
Title: A Secondary Market For North Dakota Farm Mortgages
Author: Gustafsan, Cole R.
Description: A description of both primary and secondary mortgage markets is given. The secondary market is where a mortgage is resold to another investor on the stock exchange. In this case, we are speaking of farm mortgages. The development of a secondary market for North Dakota real estate mortgages creates small rural institutions in the state with an additional source of loanable funds and profit opportunities and at the same time giving farmers a greater quantity of credit at competitive market interest rates. By obtaining credit in amounts and at interest rates that truly reflect the relative creditworthiness of farm borrowers increases economic expansion, efficiency and equity as scarce capital resources are allocated to their highest productive good or potential.
Date: 1988
Permalink: http://hdl.handle.net/10365/6195

This item appears in the following Collection(s)

Show full item record

Search DSpace

Advanced Search


Your Account