Mortgage Pool


Definition of "Mortgage pool"

Elizabeth Fishman
Elizabeth Fishman Virtual Properties Realty

A collection of packaged residential mortgage loans for sale in the secondary mortgage market to investors. Companies with mortgage pools expect to earn a short-term profit and use the proceeds to make additional mortgage loans available to homeowners.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Collateralized Mortgage Obligation (CMO)

Mortgage-backed, pass-through securities that segregates mortgage pools into short, medium, and long-term. CMOs arose because GNMA or FHLMC mortgage-b ...

American Planning Association (APA)

The APA encourages the best techniques and decisions for the planned development of communities and regions. ...

Vault

Where something of value is kept in a secured place. An example is important real estate document and/or money kept in a bank vault. Ceiling or r ...

Escrow Fees

Amount earned by the escrow agent for accumulation and monitoring the data from the various sources and for distributing same of the parties. ...

Plaintiff

An individual's bringing a legal action against a defendant. The plaintiff wants relief from the judge against a defendant. An example is investors in ...

Plot Plan

Scale drawing or diagram illustrating the proposed use of a land plat property. ...

Popular Real Estate FAQ

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Find Your Real Estate Agent Niche: Vacation Homes Should you Buy a Home with Cash? Why Use a Real Estate Agent? 7 Things to Consider Before Moving to a New City When to buy a house

FAQ

Do I need flood Insurance? How Much Can I Afford ? What is a private Mortgage? What is a credit report? What is the difference between being prequalified and preapproved for a loan?