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| Each letter will take you to a list of financial terms and their meaning. |
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| W |
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Warehouse Fee
Numerous mortgage firms must borrow funds on a short term basis so as to originate loans which will be sold in the secondary mortgage market (or to investors) afterwards. The mortgage firm has an economic loss when the prime rate of interest is higher on short term loans than on mortgage loans; this economic loss is offset by charging a warehouse fee. |
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