mortgage pool Definition

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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CMO - More

interest-only strip -

I/O strip

pool factor

Real Estate Mortgage Investment Conduit

REMIC

principal-only strip

Related Terms on BusinessDictionary

Federal Home Loan Mortgage Corporation (Freddie Mac)

Federal National Mortgage Association (Fannie Mae)

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Nearby Terms

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