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.
References in classic literature ?
I could not plant my feet anywhere so as to stand securely, for the roots were a long way off and the boughs that overshadowed the whole pool were too high, too vast, and too far apart for me to reach them; so I hung patiently on, waiting till the pool should discharge my mast and raft again--and a very long while it seemed.
Certainly it did not seem to hurt JFK that dozens of his aides and Secret Service officers witnessed his trysts with whole pools full of babes at a time, or so Seymour Hirsch reports in The Dark Side of Camelot.