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.
References in periodicals archive ?
Whole Loan Solutions delivers advisory services to the secondary residential mortgage market.
Biegel previously served as Managing Director at Lone Star Funds, where he was the head of the residential whole loan business platform and responsible for its design and implementation.
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.
Carlton has been selling loans for banks since 1991 and has closed well over $20 billion of whole loans and mezzanine loans.
9%) of the outstanding whole loan balance by loan amount (which excludes MBS) is Federal Housing Administration (FHA)-insured, 17.
New Service Expands Company's Evaluation Offerings to Include Performing and Non-Performing Whole Loans
Given the amount of oversight in lending today, defaults on whole loans should be far lower than the default rate was in 1990-1993.
Our investment manager was well positioned to capitalize on this increased activity and, as a result, PMT successfully completed 5 whole loan acquisitions in the first quarter, deploying $115 million in capital.
the current portfolio, which, as of July 31, 2009, consisted of approximately 91% MBS and 9% single-family whole loan mortgages;
28, 2009, consisted of approximately 91% MBS and 9% single-family whole loan mortgages; the expected purchase of additional MBS; strong asset-to-debt ratio indicating sufficient program reserves and liquidity levels; deep levels of mortgage insurance available to protect against potential losses on the decreasing portion of whole loans; and management's capable program oversight abilities.
30, 2008, consisted of approximately 90% MBS and 10% single-family whole loan mortgages; the expected purchase of additional MBS; strong asset-to-debt ratio indicating sufficient program reserves and liquidity levels; deep levels of mortgage insurance available to protect against potential losses on the decreasing portion of whole loans; and management's capable program oversight abilities.
The long-term rating reflects: the current portfolio, which, as of June 30, 2008, consisted of approximately 89% MBS and 11% single-family whole loan mortgages; the expected purchase of additional MBS; strong asset-to-debt ratio indicating sufficient program reserves and liquidity levels; deep levels of mortgage insurance available to protect against potential losses on the decreasing portion of whole loans; and management's capable program oversight abilities.