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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

Without Recourse

A mortgage in which the lender will not pursue personal liability against the borrower. The lender's security is the real estate being financed.

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