Whole Loan Pools Financial Glossary

What is it? Mortgage-backed securities not issued by or guaranteed by a U.S government agency or U.S. government sponsored enterprise. The mortgage loans comprising whole loan pools are generally loans that do not meet GNMA, FNMA, or FHLMC requirements. Whole loan pools may be structured as fixed-rate pass-through securities, floating-rate pass-through securities, or CMOs. Also known as private pools or private label pools.

Finance Term Definition Added By: Gavin

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