| 释义 |
Whole loan
Whole loanA term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or more lenders.Whole LoanDescribing a collateralized mortgage obligation that is too large to be issued or guaranteed by Ginnie Mae, Freddie Mac, or Fannie Mae. That is, a whole loan CMO represents jumbo mortgages, which can be riskier than other mortgages. As a result, whole loan CMOs pay a higher yield than those issued by a government agency; because of the lack of a government guarantee on coupon payments, they have a higher exposure to prepayment risk.AcronymsSeewhiplash |