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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QUALITY CIRCLE is a volunteer group composed of workers, sometimes students, with the stated goal to improve processes or product quality through analyses leading to process or design changes that reduce costs or enhance quality of the finished product.

APB is Accounting Principles Board or an Accounting Principles Board opinion (GAAP).

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