Warehouse fee definition

Warehouse fee means a fee charged by a lender not to exceed the cost associated with holding the particular mortgage loan pending its assignment to a permanent investor, and payable at closing. The fee shall be based on the actual holding period and warehouse rate and the initial coupon rate on the mortgage loan. No profit shall accrue to a lender from collection of a warehouse fee.
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Warehouse fee means a fee charged by a lender not to
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Warehouse fee means the portion of the Program Fee calculated pursuant to clause (ii) of Section 5.1(a).
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Examples of Warehouse fee in a sentence

  • Fees for such rentals are included in the Arts Warehouse fee schedule.


More Definitions of Warehouse fee

Warehouse fee means in respect of any LME Physical Metal (evidenced by
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Related to Warehouse fee

  • Warehouse Facility means any bank credit agreement, repurchase agreement or other credit facility entered into to finance the making of Mortgage loans originated by the Company or any of its Subsidiaries.

  • Warehouse receipt means a document of title issued by a person engaged in the business of storing goods for hire.

  • Warehouse Agreement means an agreement to provide credit to a person to enable the person to have funds to make residential mortgage loans and hold such loans pending sale to other persons.

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Warehouser means any person, other than a wholesale distributor, engaged in the business of