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GLOSSARY

 GLOSSARY TERMS by Alpha
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Consolidation Loans
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W-2
W-4
Waiver of Lien
Walk-away lease
Warehouse Fee
Warehouse Lender
Warranty
Weighted Average Coupon (WAC)
Wet Funding
Wholesale value
Will
Without Recourse
Working Capital Ratio
Wraparound loan or Wraparound mortgage
Writ of Execution
Write Off
WSJ Prime Rate

Warehouse Lender

A short-term lender for mortgage bankers. Using the note as collateral, the warehouse lender provides interim financing until the mortgage is sold to a permanent investor.

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