CML Stands for Collateralized Mortgage Line of Credit
CML is a commitment by IFC to lend funds against a pledge of mortgage assets held as collateral for IFC.
It provides the CML to an eligible borrower to originate mortgage loans. Mortgage assets are held in a bankruptcy remote security vehicle. Financial institution is selected as a trustee.After appropriate level of seasoning, Assets transferred to securitization vehicle to be placed as a mortgage backed security in the capital market. This serves as a repayment to the IFC, and can be re-borrowed by the borrower.