Business and Personal Finance Dictionary

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• PRIVATE 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.
  
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