Seasoned loan

Seasoned Loan
Definition: Loan which has been outstanding for a period of time and demonstrates the borrower's credit is sound.

seasoned loans
Loans for which a year or more has passed since periodic payments began. GNMA requires that mortgages within a given pool be originated within two years of the issue date.

SEASONED LOAN A loan that has been closed and on a lender's books for at least 12 months.
SECONDARY FINANCING Loans secured by the property, but subordinate to the first mortgage.

Delayed issuance pool Refers to mortgage backed securities (MBS) that at the time of issuance were collateralized by seasoned loans originated prior to the MBS pool issue date.

Related: defined benefit plan Delayed issuance pool Refers to Mortgage Backed Securities (M.B.S.s) that at the time of issuance were collateralized by seasoned loans originated prior to the MBS pool issue date.

Refers to mortgage backed securities (MBS) that at the time of issuance were collateralized by seasoned loans originated prior to the MBS pool issue date.

contributions into the plan on behalf of qualifying participants. Related: defined benefit plan
Delayed issuance pool Refers to MBSs that at the time of issuance were collateralized by seasoned loans
originated prior to the MBS pool issue date.

See also: Delayed issuance pool, Issue date, Expense, Banks, Defined contribution plan