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Definition of 'Private Conduit'
A governmental or private entity that pools mortgages and other loans. The entity will then issue pass- or pay-through securities in its own name, as a private conduit to investors. Many private conduits are now backed by mortgages, credit card receivables and other loans.
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Investopedia explains 'Private Conduit'
These conduits enable banks and thrifts to more easily sell their loans to investors in the secondary market. This is because smaller lenders are not restricted by the size of the pool or limitations on eligibility. GNMA and FHLMC offered the first private conduits.
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Search results for 'Private Conduit'
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http://www.investopedia.com/articles/mortgages-real-estate/08/loan-to-value.asp
... such as portfolio lenders, to compete successfully with conduit lenders, low ... providing
investment and marketing support to business owners and private investors ...
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http://financialedge.investopedia.com/financial-edge/0910/The-Lazy-Way-To-Get-The-Best-Mortgage-Rate.aspx
... Disadvantages of a Mortgage Broker Since mortgage brokers function as a conduit
between the borrower and the lender, brokers do not make any actual decisions ...
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