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.

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Whole Loan Solutions delivers advisory services to the secondary residential mortgage market.

Neat Capital Launches Digital Mortgage Platform, Acquires Whole Loan Solutions

This is a question that will need to be answered by the financial instruments project; however, it would seem appropriate for the seller to establish as an obligation the fair value of the credit guarantee and/or the interest rate swap issued in the whole loan sale.

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

Carlton has been selling loans for banks since 1991 and has closed well over $20 billion of whole loans and mezzanine loans.

Carlton launches listing exchange for loan and REO assets

Given the amount of oversight in lending today, defaults on whole loans should be far lower than the default rate was in 1990-1993.