Secondary Mortgage Market?

Hi! I have few questions about secondary mortgage market. Are lenders again called as investors in the secondary market? If lenders are not the investors, then who are they? What will they do with the purchased loans from primary lenders.

If the primary lender lends $ 1,00,000 to a borrower and after borrower making payments for certain period to the lender then the primary lender sells the loan in secondary market, will he get full amount though they received some payments from borrower?

Thanks,
Rama krishna

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