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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
A closed-end fund, the fund primarily invests in residential whole mortgage loans and residential whole loans secured by deeds of trust.
At securitization, the transaction was collateralized by 22 whole loans and senior participation interests with an aggregate balance of $299.4 million, as well as $50.6 million in cash.
is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential mortgage-backed securities and residential whole loans.
Against this backdrop, we were able to deploy capital into a pool of re-performing whole loans and several Non-QM pools alongside other Angelo Gordon funds during the fourth quarter.
MFA purchased or committed to purchase in excess of $1.1 billion of residential mortgage assets in the second quarter, including $898 million of residential whole loans. Recent growth in MFA's residential whole loan portfolio has been largely through purchases of newly originated performing whole loans, including Non-QM loans, rehabilitation or "fix and flip" loans and single family rental loans.
Lotus Capital Partners, an independent real estate investment bank led by Faisal Ashraf, has launched a loan sale and distribution business that will serve lenders and investors looking to de-risk and leverage their positions in whole loans, A-notes, and mezzanine debt.
5 March 2015 - US-based asset manager Distressed Capital Management, LLC has purchased approximately USD 207,570,935 whole loans from the Royal Bank of Scotland (NYSE: RBS) RBSHD 2013-1A, B1, B2, B3 and trust certificates, the company said on Thursday.
With the launch of the new marketplace, individual investors can invest in a traditionally hard-to-reach asset class and build diversified portfolios with smaller amounts of capital by investing in portions of loans instead of whole loans.
DebtX reported that the estimated price of whole loans securing U.S.
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.
Net proceeds will be used by the company for general corporate purposes such as to opportunistically invest in credit sensitive investments consisting of Residential Whole Loans, Commercial Loans, Non-Agency CMBS and Non-Agency RMBS.