Pool factor — In finance, a pool factor is a number expressed as a factor of one that is used to indicate the remaining principal balance of a note. Pool factors are only used to describe specific classes of securities, namely pooled ABSs and MBSs whose… … Wikipedia
pool — /pu:l/ noun 1. an unused supply ● a pool of unemployed labour or of expertise 2. US a group of mortgages and other collateral used to back a loan ■ verb ♦ to pool resources to put all resources together so as to be more powerful or profitable ♦… … Dictionary of banking and finance
Bank Pool Loan — A fairly new form of loan, the Bank Pool Loan or BPL, is a tool used by US based firms trading on public markets that need funding of under $10,000,000. In a BPL, A group of European based banks (the pool), create a European firm who s sole… … Wikipedia
cross-collateral — An agreement among project participants to pool collateral, to allow recourse to each other s collateral. Bloomberg Financial Dictionary … Financial and business terms
Mortgage Pool — A group of mortgages held in trust as collateral for the issuance of a mortgage backed security. Some mortgage backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae are known as pools themselves. These are the simplest form of… … Investment dictionary
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Securitization — is a structured finance process, which involves pooling and repackaging of cash flow producing financial assets into securities that are then sold to investors. The name securitization is derived from the fact that the form of financial… … Wikipedia
Government National Mortgage Association — The Government National Mortgage Association (GNMA, also known as Ginnie Mae) is a U.S. government owned corporation within the Department of Housing and Urban Development (HUD).Ginnie Mae provides guarantees on mortgage backed securities (MBS)… … Wikipedia
Principal only (PO) — A mortgage backed security in which the holder receives only principal cash flows on the underlying mortgage pool. The principal only portion of a stripped MBS. For PO securities, all of the principal distribution due from the underlying… … Financial and business terms
principal only — ( PO) A mortgage backed security ( mortgage backed securities)( MBS) whose holder receives only principal cash flows on the underlying mortgage pool. All the principal distribution due from the underlying … Financial and business terms
Weighted average maturity — The WAM of a MBS is the weighted average of the remaining terms to maturity of the mortgages underlying the collateral pool at the date of issue, using as the weighting factor the balance of each of the mortgages as of the issue date. The New… … Financial and business terms