CONSOLIDATED FINANCIAL STATEMENTS Definition

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CONSOLIDATED FINANCIAL STATEMENTS is the end financial statement that accounts for all assets, liabilities and operating accounts of a parent and all subsidiaries.

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WHOLE LOAN is a mortgage pass-through or CMO backed by non-agency, single-family home mortgages.

DEFERRED ASSET is an amount owed to an entity that is not expected to be received by that entity within one year from the date of the balance sheet.

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