Where do mortgage bankers typically make loans?

Mortgage bankers typically make loans in the primary market. The primary market is where new loan transactions occur, and mortgage bankers are financial institutions that originate and fund mortgage loans directly to borrowers looking to purchase or refinance real estate. They often work with homebuyers or homeowners on an individual basis, offering various loan products to meet their specific needs.

In contrast, the secondary market involves the buying and selling of existing mortgages, generally between investors and financial institutions, and is not where loans are initially made. The stock market pertains to equity investments and is not relevant to the lending process associated with real estate. The money market relates to short-term financing and investments, which also does not pertain to mortgage loan origination. Thus, the primary market is where mortgage bankers predominantly operate by providing the initial financing needed for real estate transactions.