WHOLE LOAN Definition

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

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STATUTORY CONSOLIDATION is a merger where a new corporate entity is created from the two merging entities; the two merging entities then cease to exist. See also STATUTORY MERGER.

DEPTH OF MARKET is the number of shares of a security that can be bought or sold at the bid and ask prices near the inside market without causing a dramatic change in price.

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