Charged by the Lender to hold the loan locally before selling it in the secondary mortgage market to an investor.
fee charged by the lender for the depositing of loans by the lender such as a mortgage company, and a bank, for sale at a later date. This is done when the mortgage company wishes to assemble a block of loans for sale, or when the company believes that the discount rate is dropping and the loan maybe sold for a higher price in the future.
closing fee charged by a wholesale lender.
The lender's cost of holding a borrowers loan temporarily before it s sold on the secondary market and is usually a closing cost fee.
Fee charged by the loan company on a conventional loan to deposit the note within the bank to sell to an investor later. This fee is based on the particular lender's practices. Paid by the seller.
Charge to a borrower to cover the costs of the lender taking short term loans from other lenders to cover the borrower's mortgage.
Mortgage firms often borrow funds on a short term basis in order to originate loans that will later be sold to investors in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an economic loss which is offset by charging a warehouse fee.
The warehousing fee a fee usually charged by a mortgage lender to the borrower for the time the purchase money "sits" while waiting for a loan to close. This is usually just a couple of days. Often, this fee can be negotiated or removed.
many/most mortgage firms borrow funds on a short-term basis in order to make more loans which are to be sold to the secondary mortgage market. When/if the prime rate of interest is higher on short term loans than on long-term mortgage loans, the mortgage firm would have a net economic loss.
Many mortgage firms must borrow funds on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market (or to investors). When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an economic loss which is offset by charging a warehouse fee.
A closing-cost fee representing the lender's cost of holding a borrower's loan temporarily before it is sold on the secondary mortgage market.
A fee charged by a mortgage firm to offset losses caused when the prime rate of interest is higher on short term loans than on standard mortgage loans.
A lender's fee for temporarily holding a borrower's loan before it is sold on the secondary market.
Charged as an offset to cover a loss, many mortgage firms borrow funds on a short-term basis in order to originate loans that will later be sold in the secondary mortgage market. When the rate of interest is higher on short-term loans than on long term mortgage loans, the lender has an economic loss. back
