Wholesale Lender | Mortgage Glossary

Definition of "Wholesale Lender"

A lender that provides loans through mortgage brokers or correspondents.

Type of a real estate investment trust whose investment money is used for the purchase of a portfoli ...

Modified guaranteed investment contract (GIC) in which the underlying assets of the synthetic contra ...

Person who receives an income benefit from an annuity for life or for a specified period. ...

A gift by will of real property. Absolute legasy: An unconditional and immediate gift. Conditi ...

Wrongful inaction; failure to act; inactivity. ...

Removal of a tenant from a portion of a rented or leased premise. ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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