Whole loan

Whole Loan
Investment Dictionary:
Whole Loan
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whole loan
secondary mortgage market term that distinguishes an investment representing an original residential mortgage loan (whole loan) from a loan representing a participation with one or more lenders or a pass-through security representing a ...

Whole loan
Definition: [crh] A term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or morDefinition: e lenders.

whole loan pools
Mortgage-backed securities not issued by or guaranteed by a U.S government agency or U.S. government sponsored enterprise.

Whole Loan - A term used to distinguish between an original mortgage loan and a pass-through security.
Wholesale Banking - Banking services between merchant banks and other financial institutions.

Whole Loan - Is a mortgage, either commercial or residential, that has not been securitized.

GMCs (guaranteed mortgage certificates) First issued by Freddie Mac in 1975, GMCs, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

At first these seem like a good deal but when you calculate how much interest you are paying over the whole loan, especially once you have confirmed the true APR, ...

Guaranteed Mortgage Certificates (GMC)
First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.
Whole loan ...

very common for the majority of the loan to be paid back at the end and any monthly repayment that does take place can be relatively insignificant compared to that final payment. It can also be that no monthly payments take place and the whole loan ...

s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

See also: Banks, Freddie Mac, Expense, Pass-through, Treasury securities