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 mortgage-backed security. They are also known as "pass-throughs" and trade in the to-be-announced (TBA) forward market.

Pass-throughs or pools are comprised of mortgages with close to the same maturity and interest rate. However, a pool of mortgages that backs a more complex mortgage-backed security or CDO might consist of mortgages of more varying interest rates and characteristics.


Investment dictionary. . 2012.

Look at other dictionaries:

  • mortgage pool — A group of mortgages with similar class, interest rate, and maturity characteristics. Bloomberg Financial Dictionary * * *    Mortgages are packaged, or pooled, and securities are issued representing shares in the pool. The mortgages in a pool… …   Financial and business terms

  • mortgage pool — Fin a group of mortgages with similar characteristics packaged together for sale …   The ultimate business dictionary

  • mortgage pool — A trust created by the owners of several or even many mortgages in transferring the instruments to a trustee to hold for the benefit of the transferrers. Anno: 107 ALR 1458 …   Ballentine's law dictionary

  • pool — 1 n 1: an aggregation of the interests, obligations, or undertakings of several parties working together an insurance pool 2: a group of people available for some purpose see also jury pool pool 2 vt: to combine (as a …   Law dictionary

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Pool Factor — The percentage of the original principal that is left to be distributed in a mortgage backed security, as represented by a numerical factor that will be attached on periodic market quotes and other presentations of the MBS’s price.… …   Investment dictionary

  • mortgage-backed security — ( MBS) or mortgage backed bond Securities composed of, or collateralized by, loans that are themselves collateralized by liens on real property. MBSs can be categorized into two major types. Pass through pools are mortgage backed bonds created by …   Financial and business terms

  • mortgage-backed bond — mortgage backed security ( MBS) or mortgage backed bond Securities composed of, or collateralized by, loans that are themselves collateralized by liens on real property. MBSs can be categorized into two major types. Pass through pools are… …   Financial and business terms

  • Mortgage Interest Relief At Source — Mortgage Interest Relief at Source, or MIRAS, was a scheme introduced in the United Kingdom by Chancellor of the Exchequer Roy Jenkins in 1969 [1] in a bid to encourage home ownership; it allowed borrowers tax relief for interest payments on… …   Wikipedia

  • Mortgage-backed Securities — sind besicherte Anleihen, also durch Vermögenswerte gesicherte Wertpapiere, deren Bargeldflüsse durch die Zins und Tilgungszahlungen eines Pools von grundpfandrechtlich gesicherten Forderungen getragen werden. Im Gegensatz zu Pfandbriefen… …   Deutsch Wikipedia

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