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seasoned loan

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Seasoned Loan
A loan that has been out for at least a year in which the borrower has a good payment history. This is considered a sign that the loan is unlikely to default. They may therefore command higher prices on the secondary market.

seasoned loan

A loan that has been paid on time for a sufficient amount of time to give a lender the reasonable belief that it will continue in a like manner.



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First Chester County Corporation (OTCBB: FCEC) and its wholly owned subsidiary, First National Bank of Chester County, today announced that the American Home Bank (AHB) division of First National Bank of Chester County has expanded its mortgage banking activities to include seasoned loan transactions.
In addition to seasoned loan deliveries, MDMC also assists clients with deliveries of newly originated FHA and VA loans into GNMA I and II MBS pools on a monthly/flow basis.
is a privately held company that simplifies auto finance by offering GDNAuto, the first nationwide online loan portfolio marketplace where dealers who originate notes and financial institutions can sell their seasoned loan portfolios to a nationwide pool of competing financial institutions.
 
 
 
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