Whole Loan

外汇网2021-06-19 20:57:07 128

A term used to distinguish between an original mortgage loan and a pass-through security.

|||Whole loans are usually larger in size than the maximum amount allowed within GNMA, FNMA and, FHLMC's standards. Private entities pool whole-loans together with credit enhancements to create whole loan CMOs. Credit enhancements ensure investors receive timely interest payments.

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