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Warehouse Fee

A closing-cost fee representing the lender’s cost of holding a borrower’s loan temporarily before it is sold on the secondary mortgage market.

Related Terms:

  1. Broker
  2. Discount Points
  3. Fannie Mae
  4. Freddie Mac
  5. Mortgage Broker
Filed Under: Real Estate Terms, W

Comments

  1. Juanita Jones says:
    October 23, 2011 at 8:43 am

    I am thinking about listing a vacant parcel of land and this was in the form contract, doesn’t seem appropriate when there is no
    mortgage company involved. Also, isn’t title search, title and closing fees and policy coverage paid by the BUYER?

    Thank you for any clarification

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