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Definition of 'Whole Loan'
A single residential or commercial mortgage that a lender has issued to a borrower and that has not been securitized. Whole loan lenders commonly sell their whole loans in the secondary mortgage market to buyers such as Fannie Mae. One reason lenders sell whole loans is to reduce their risk. Instead of holding a mortgage for 15 or 30 years and hoping that the borrower will repay the money, the lender can get the principal back almost immediately.
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Investopedia explains 'Whole Loan'
The lender no longer earns interest on the whole loans that it sells, but it gains cash to make additional loans. When the lender closes additional mortgages, it earns money from origination fees, points and other closing costs paid by borrowers. This liquidity also makes it easier for borrowers to get mortgages. Fannie Mae will buy whole loans one at a time, but some other secondary market entities will only buy pools of whole loans. Loan pools can reduce risk as long as the pool includes loans with different risk characteristics, such as varying loan terms and credit scores. Fannie Mae reduces its risk by requiring that the whole loans it buys meet specific eligibility and underwriting criteria.
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Search results for 'Whole Loan'
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http://www.investopedia.com/articles/financialcareers/08/generational-marketing.asp
Generational Marketing: Harvest The Whole Family Tree. ... $30K HELOC, 4.59%, 4.60%.
$30K Home Equity Loan, 5.74%, 5.77%. $50K Home Equity Loan, 5.45%, 5.50%. ...
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http://financialedge.investopedia.com/financial-edge/0709/7-Ways-To-Avoid-Low-Rate-Mortgage-Shams.aspx
... the essence. Looking at the whole loan package, not just the interest rate,
will help you get the best deal. Follow us on Twitter. ...
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http://www.investopedia.com/articles/pf/07/whole_universal.asp
... The alternative of policy loan is an added perk in universal life insurance ... Whole
life insurance protects your beneficiaries in your absence and acts as an asset ...
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http://financialedge.investopedia.com/financial-edge/0811/Eating-Healthy-On-A-Budget.aspx
... efficiently. If you want to eat meat, a whole chicken ($1.29 per lb.) will
give you the best combination of economy and healthfulness. ...
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http://www.investopedia.com/university/insurance/insurance8.asp
... These policies may also be converted into whole life policies without any additional
underwriting. ... $30K HELOC, 4.59%, 4.60%. $30K Home Equity Loan, 5.74%, 5.77%. ...
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... Whole foods also provides top-notch dental, vision and disability care, as well
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... Whole foods also provides top-notch dental, vision and disability care, as well
paid time off, which is earned based on the ... $30K Home Equity Loan, 5.74%, 5.77%. ...
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http://www.investopedia.com/slide-show/healthcare-benefits/nugget-market.aspx
... Whole foods also provides top-notch dental, vision and disability care, as well
paid time off, which is earned based on the ... $30K Home Equity Loan, 5.74%, 5.77%. ...
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http://www.investopedia.com/articles/mortgages-real-estate/10/mortgage-alternatives.asp
... It's possible to borrow against this cash value, and when you borrow from your own
whole life insurance policy, there is no loan qualification process. ...
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http://financialedge.investopedia.com/financial-edge/0710/6-New-Credit-Scams-To-Watch-Out-For.aspx
... IN PICTURES: 8 Signs Of A Doomed Stock. Skimming Scams Swiping your debit card may
be more convenient than using cash but it also carries a whole lot more risk. ...
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