A Secondary Market For North Dakota Farm Mortgages
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Date
1988
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The topic is the secondary market for farm mortgages in North Dakota. The secondary market is where a mortgage is resold to another investor on the stock exchange. The development of a secondary market for North Dakota real estate mortgages created 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. The article goes into more detail on this secondary market.