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Whole Pool |
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Whole Pool The underlying instrument in a mortgage-backed security representing ownership interest in entire mortgages as opposed to pieces of mortgages. Whole pools are fairly unusual among mortgage-backed securities as they are thought to carry higher risk: if a mortgage goes into default, the holder of the whole pool has little or nothing with which to hedge the investment. However, because they are not divided and re-divided as with other MBSs, whole pools are easier for investors to understand. 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. |
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