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To: Jon Matz who wrote (4607)7/23/2002 12:00:58 AM
From: loantech  Respond to of 39344
 
Jon,
As far as I know loans are usually sold in pools of like 50-100+ million. Then individuals buy a gnma bond that pays X interest. I am a lower level person who is not involved in the secondary market. but it's my opinion that it mostly survives on credit which would be one loan buying another as you say. Some one else could kick in and answer this.
Tom