Loan that has been on the books for at least a year and has a satisfactory payment record. Mortgage loans that have been on the books for a period longer than a year command a premium over unseasoned loans when sold in the Secondary Mortgage Market.
| Banking Dictionary: Seasoned Loan |
Loan that has been on the books for at least a year and has a satisfactory payment record. Mortgage loans that have been on the books for a period longer than a year command a premium over unseasoned loans when sold in the Secondary Mortgage Market.
| 5min Related Video: Seasoned Loan |
| Real Estate Dictionary: Seasoned Loan |
A loan on which several payments have been collected.
Example: The seller accepts a Second Mortgage on the property sold. After he collects 12 months of payments, the loan is considered seasoned and can more easily be sold to a second mortgage investor.
| Loan modification | |
| Mortgage loan |
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![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |