Whole loan

Also found in: Acronyms.

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.

Mentioned in ?

References in periodicals archive ?

3 Apple Tree Apartments MF C A $9,000 $9,000 3.0% As-Is 98.0% Mar-2019 Ramp-Up Whole Loan

KBRA Issues OREC 2018-CRE1 Ramp-Up and Reinvestment Update

If the financial instruments project determines the credit guarantee, interest rate swap and other possible elements of disproportionate risk-sharing issued in a whole loan sale should be recognized as the seller's obligations at fair values, then accounting for similar obligations generated by sales of a portion of a loan should be based on fair value rather than relative fair value cost allocation.

Accounting for the sale of receivables under EITF Issue NO. 88-11

As of March 31, 2018, the multiple purpose loan portfolio consisted of: 43% single-family whole loans, 50% MBS certificates, and 7% multi-family loans.

Fitch Rates Vermont HFA Multiple Purpose Bonds 2018 Series A 'AA'; Outlook Stable

This concern is mitigated by the strong asset parity ratio as well as the seasoning of the whole loan portfolio and the fact that 67% of the whole loans are federally insured, minimizing potential losses despite delinquency rates that are significantly above state averages.

Fitch Affirms Florida HFC's Homeowner Mortgage Rev Bonds at 'AA+'; Outlook Revised to Stable

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.

Distressed Capital Management Acquires USD 200m Royal Bank of Scotland Loan, REO Portfolio

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.

Besen Special Assets

This integration adds to CompassPoint's continuously expanding library of application programming interfaces ("APIs"), and allows for a bi-directional flow of data that enables CompassPoint(TM) users to take out mandatory whole loan commitments directly with Freddie Mac, greatly streamlining the commitment and best execution process.

Fremont Bank leverages Freddie Mac commitment integration in CompassPoint

Among her most notable transactions have been two whole loan sales totaling $15.33 million on a four-building multifamily asset on Broadway, working with Adelaide Polsinelli, associate vice president investments,

Dansker's brisk business in loan sales

Michaels, chairman of The Carlton Group, has announced the nation's first whole loan sale trading and listing exchange, www.CEXloanlistings.com, the country's first trading site developed solely for the sale of bank whole loans and mezzanine positions.

Carlton launches listing exchange for loan and REO assets

LCM Partners specialises in buying whole loan consumer and SME credit portfolios.

LCM Partners acquires EUR 300m secured loan portfolio in Spain

Highlights include a $15.1 million whole loan acquisition, an $11.5 million mezzanine loan origination and an $18 million multi-property acquisition.