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Whole Loan |
Also found in: Acronyms | 0.07 sec. |
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Whole Loan A term used to distinguish between an original mortgage loan and a pass-through security. Notes: Whole loans are usually larger in size than the maximum amount allowed within GNMA, FNMA and, FHLMC's standards. Private entities pool whole-loans together with credit enhancements to create whole loan CMOs. Credit enhancements ensure investors receive timely interest payments.
Whole loan A term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or more lenders. |
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Whole Loan
