For example, if the face amount of a pooled MBS is $100,000 and the stated pool factor is 0.4587, the remaining balance in the security, yet to be paid to the investor, would be $45,870.
The pool factor is only used to describe mortgage-backed securities, which can be issued by Freddie Mac (FHLMC), Fannie Mae (FNMA) and Ginnie Mae (GNMA).
A pooled MBS is one whose component mortgage payments are passed through to the investors, month to month, until the mortgage pool has been completely paid off, instead of being rebundled or collated,
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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 factor — See factor. American Banker Glossary The outstanding principal balance divided by the original principal balance with the result expressed as a decimal. pool factors are published monthly by the Bond Buyer newspaper for Ginnie Mae, Fannie Mae,… … Financial and business terms
Pool factor — The outstanding principal balance divided by the original principal balance with the result expressed as a decimal. Pool factors are published monthly by the Bond Buyer newspaper for Ginnie Mae, Fannie Mae, and Freddie Mac( Federal Home Loan… … Financial and business terms
Pool Factor — (коэффициент пула) доля совокупной суммы основного долга по пулу активов, которая остается непогашенной на конкретную дату … Ипотека. Словарь терминов
Pool safety camera — Pool Safety Cameras are video monitoring systems designed to reduce drowning deaths in public and private pools. Contents 1 Classification 2 Viewing aids 3 Remote monitoring 4 … Wikipedia
Pool chlorine hypothesis — The pool chlorine hypothesis is the hypothesis that long term attendance at indoor chlorinated swimming pools by children up to the age of about 6 7 years is a major factor in the rise of asthma in rich countries since the late twentieth century … Wikipedia
factor — (1) The percent of the original face of an MBS pool that remains outstanding at any given time is called the current factor. Principal payments, made by the borrowers, reduce the original face every month. Thus there is a new current factor each… … Financial and business terms
Pool of Radiance — Infobox VG| title = Pool of Radiance developer = Strategic Simulations, Inc. publisher = Strategic Simulations, Inc. designer = engine = Gold Box released = genre = Role playing game, Tactical RPG modes = Single player ratings = platforms = Amiga … Wikipedia
Reported factor — The pool factor as reported by the bond buyer for a given amortization period. The New York Times Financial Glossary … Financial and business terms
Amortization factor — The pool factor implied by the scheduled amortization assuming no prepayemts. The New York Times Financial Glossary … Financial and business terms