Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,681,675 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Whole Loan

   Also found in: Acronyms 0.01 sec.
Whole loan
A term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or more lenders.

Whole Loan
Describing a collateralized mortgage obligation that is too large to be issued or guaranteed by Ginnie Mae, Freddie Mac, or Fannie Mae. That is, a whole loan CMO represents jumbo mortgages, which can be riskier than other mortgages. As a result, whole loan CMOs pay a higher yield than those issued by a government agency; because of the lack of a government guarantee on coupon payments, they have a higher exposure to prepayment risk.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Michaels, chairman of The Carlton Group, has announced the nation's first whole loan sale trading and listing exchange, www.
Services and Requirements Through this notice, the Treasury seeks responses from financial institutions qualified to provide asset-management services for a highly complex portfolio of mortgage whole loans.
The long-term rating reflects: --the current portfolio, which, as of July 31, 2009, consisted of approximately 91% MBS and 9% single-family whole loan mortgages; --the expected purchase of additional MBS; --strong asset-to-debt ratio indicating sufficient program reserves and liquidity levels; --deep levels of mortgage insurance available to protect against potential losses on the decreasing portion of whole loans; --management's capable program oversight abilities.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.