private label pool

private label pool
private pool, private label pool
Mortgage-backed securities not issued by or guaranteed by a U.S government agency or U.S. government sponsored enterprise. The mortgage loans comprising private pools are generally loans that do not meet GNMA, FNMA, or FHLMC requirements. Private pools may be structured as fixed-rate pass-through securities, floating-rate pass-through securities, or CMOs.
Also known as whole loan pools. American Banker Glossary

Financial and business terms. 2012.

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