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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.
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Michaels, chairman of The Carlton Group, has announced the nation's first whole loan sale trading and listing exchange, www.
Carlton launches listing exchange for loan and REO assets by Real Estate Weekly
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.
Is the industry finally ready for online execution? by Minton, Gabe / Mortgage Banking
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.
Fitch Rates Florida Housing Finance Corp.'s $100MM Mtge Rev Bonds ... by Business Wire
 
 
 
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