The short-term funding of leases before permanent funding is finalized.
The process by which a lender assembles mortgages the have made and prepares them to be sold.
The process by which a warehouse mortgage lender originates loans in the primary mortgage market, with the intention of selling those loans to the secondary mortgage market when a minimum volume is achieved. The business model of such lenders is focused on originating loans, not servicing them. Warehouse lenders usually have forward commitments with investors in the secondary market to provide those investors with qualified loans. For more information, see the "History of the Mortgage Industry" article in the "Mortgage Industry" section.
The borrowing of funds by a retail lender on a short-term basis using permanent mortgage loans as collateral. This form of interim financing, called a warehouse loan, is used to raise funds to make home mortgages and carry them until the mortgages are packaged and sold "out of the warehouse" to an investor. Proceeds from the sale are used to reduce the warehouse loan.... read full article
A term used in financing to describe the process which loan correspondents employ, assembling into one package a number of mortgage loans which the correspondent has originated and selling them in the secondary mortgage market.
Interim loans from banks to other lenders for their underwritten stocks or bonds. The stocks and bonds are issued to investors, household and institutional, for their portfolios. . A mortgage banker puts together mortgages issued to borrowers and sells these mortgages in the secondary market to raise funds and/or reduce risk. . Storing of assets expecting them to be sold at a later date.
The borrower of funds by a mortgage banker on a short-term basis at a commercial bank using permanent mortgage loans as collateral. This form of interim financing is used until the mortgages are sold to a permanent investor.
1. Loans made by banks to other lenders for their underwritten stocks or bonds. These stocks and bonds are issued to both household and institutional investors for their portfolios. 2. Storing of assets with the expectation of sale at a later date. 3. The sale, by a mortgage banker, of a bundle of mortgages in the secondary market so that funds may be raised or risk reduced.
The process of assembling mortgages for sale to the secondary mortgage market.
Warehousing is the assembly of mortgage loans into "pools." Securities that represent shares in these pools are then sold to investors. Examples of warehousing "agencies" include Fannie Mae/Federal National Mortgage Association and Ginnie Mae/Government National Mortgage Association.
In title industry parlance, the temporary funding and holding by a lending institution of mortgages originated by a mortgage broker, until such time as the mortgage market improves or until the mortgage broker accumulates a sufficient amount of mortgages to sell to a permanent mortgage purchaser.
A loan is said to be in a lender's warehouse before it is sold to investors in the secondary mortgage market.
Guaranteeing for a specified time, and for a fee, that funds will be available under certain terms and conditions; assembling into one package a number of mortgage loans, which the correspondent has originated, in anticipation of sale in the secondary market.
The holding of a mortgage on a short term basis pending either a sale to an investor or other long term financing.
Mortgage bankers and other financial institutions make loans that are then periodically sold on the secondary market. After the loan is made but before it is sold - the loan is said to be in the lenders warehouse.
The process by which a mortgage banker or mortgage broker assembles mortgages that he or she has made and prepares the mortgages to be sold in the secondary mortgage market. By selling these mortgages the originator now has additional capital that can be used to make more mortgages which in turn may be sold in the secondary mortgage market.
Short-term borrowing of funds by mortgage bankers using permanent mortgage loans as collateral. The money borrowed is used to make additional mortgage loans. This interim financing is used until the mortgages are sold to a permanent investor.
The interim holding period from the time of the closing of a loan to its subsequent marketing to capital market investors.
A lender's process of collecting mortgage portfolios for later resale.
The packaging together of many mortgages for the purpose of selling them in the secondary market, usually by a mortgage banker who has originated the loans.
