Whole Loan
2020-07-30 13:33
浏览：396
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.
