Mortgage Pool

Definition of "Mortgage pool"

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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Institutional Lender

Financial intermediaries who invest in deeds of trust and mortgages, and hold them in their own p ...

Bumbershoot Policy

Liability insurance coverage, primarily for shipyards for ocean marine risks, provided in much the s ...

Standby Trusts

Trusts in which individuals manage their own assets and only if a predetermined event occurs, such a ...

Deviation

Same as term Deviated Rate: rates used by a property and casualty insurance company that are differe ...

Mortgages In Default

Total of the insurance company's mortgages whose interest has not been paid for at least three month ...

Deferred Premium

Life insurance premium that is not currently due. Future payments are made on a frequency basis othe ...

Related Real Estate FAQ

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is An Index?

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

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? What do Real Estate Attorneys do? How To Choose A Realtor How is Square Footage Determined? 10 Tips for Homebuyers

FAQ

What is hazard insurance? What is a REALTOR®? What is a title? What are paid advertorials? What if the computer I want to insure is homemade or custom-built?