Whole loan

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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.
References in periodicals archive ?
Kole will be managing the residential (1-4 family) whole loan desk where he will be responsible for overseeing day to day operations, which include working exclusively on behalf of community, regional and national banks as well as private equity funds and hedge hinds in the disposition of residential (1-4 family) whole loans to private, corporate and institutional investors.
Biegel has joined the company's Residential and Consumer Debt team, where he will have primary responsibility for building out a residential whole loan platform that will enable the firm to expand its investments in residential whole loans, mortgage servicing rights and other similar assets.
In this role at Angelo, Gordon, he will have primary responsibility for building out a residential whole loan platform that will enable the Company to expand its investments in residential whole loans, mortgage servicing rights and other similar assets.
6 February 2013 -- New York-based mortgage firm Residential Capital, LLC (ResCap) said it has completed the sale of a whole loan portfolio made up of approximately 28,000 whole loans to Berkshire Hathaway (NYSE: BRK-B).
It does not apply to transactions involving the sale of whole loans, including sales of whole loans where servicing and a portion of the interest to cover normal servicing is retained by the seller.
com, the country's first trading site developed solely for the sale of bank whole loans and mezzanine positions.
POTENTIAL CHANGE OF PORTFOLIO: FHFC has the ability to add to the whole loans in the portfolio, which would increase the credit risk within the single-family program.
This year alone Hudson has purchased several performing whole loans and B-Notes as well as non-performing whole loans," said Spencer Garfield, managing director at Hudson.
Although deep levels of mortgage insurance are available to protect against potential losses on the decreasing portion of whole loans, ratings on the mortgage insurers have fallen to a level where Fitch does not view them as adding value to credit;
Supply and demand would indicate that as institutional real estate investment targets increase (funding a fresh supply of capital, both debt and equity) the demand for whole loans will increase accordingly,
New Service Expands Company's Evaluation Offerings to Include Performing and Non-Performing Whole Loans
These transactions bring the total value of PMT's residential mortgage whole loans and residential mortgage-backed securities as of March 31, 2010 to $200 million.