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GLOSSARY

 GLOSSARY TERMS by Alpha
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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

Weighted Average Coupon (WAC)

The weighted average of the gross interest rates of the mortgages in a mortgage pool, as of the issue date, with the balance of each mortgage used as a weighing factor.

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