Whole loan

(redirected from Whole Loans)

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 ?
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;
Whole loans represent the raw collateral used to create bonds backed by asset backed securities ("ABS") such as home equity or auto loans.
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
We view whole loans as the next scalable trade, as investors start to look for alternatives to a shrinking legacy non-agency RMBS market," added Mr.
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.
For jumbo-conforming whole loans, lenders can lock in pricing for up to 90 days, and commitments are available for both fixed-rate and adjustable-rate mortgages.
a Calabasas, California-based provider of whole loan mortgage trade management software, announced that it has launched an online marketplace that will enable loan originators, banks, servicers, brokers and financial advisors to exchange loan data, documents and pricing information in order to buy and sell whole loans.
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.
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.