mortgage pool
Definition
Group of related financial instruments, such as mortgages, combined for resale to investors on a secondary market. also called pool.
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Related terms:
Collateralized Mortgage Obligation, CMO, interest-only strip, I/O strip, pool factor, Real Estate Mortgage Investment Conduit, REMIC
'mortgage pool' appears in the definitions of these other terms on BusinessDictionary.com:
Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae)
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