warehouse fee

warehouse fee

A charge to a borrower when a mortgage banker or other small lender must borrow money on a short-term basis in order to loan money on mortgage loans.If the interest rate on the short-term loan is too large to make money on the spread, the mortgage banker will charge a warehouse fee to cover its costs until it can assemble enough loans in its virtual warehouse and sell them to someone else,making enough money to pay off its short-term loans.

References in periodicals archive ?
The handling fee represents much better value than the warehouse fee, warehouse staff etc, that the club would otherwise need to incur.
Some of the beans had no buyers yet but the exporters still gain as the warehouse fee abroad such as in Malaysia is much lower, he said.
But they do charge a warehouse fee and shipping charges.
Angles Product was to pay only Rp 140 billion to win the auction including the warehouse fee.
4 million gain on the sale of a foreclosed real estate property as nonperforming assets continue to decline and core noninterest income grew compared to the prior quarter due to increased gain on sale of loans and mortgage warehouse fees.
The importing company has to pay for unloading at the other port, warehouse fees and then pay to bring that merchandise back to the island.
Storage fees will be capped at the warehouse fees published annually by the LME but may be reduced over time if the Issuer is able to negotiate lower fees once assets build up," ETF Securities said.
488,000 in sales commissions and warehouse fees last year.
The strong fee increases were partially offset by a $6 million, or 86%, decrease in mortgage warehouse fees.
Customs eventually capitulated but when I went to collect my vehicle from the agent I was told I had to pay their fees and the bonded warehouse fees.
Companies using the Distribion Marketing Platform find savings in: reduced print costs, reduced warehouse fees, reduced agency fees, shared best practices between corporate and local affiliates.
Noninterest income for 2006 grew 8% over 2005 with strong increases in retail banking fees, up 10%, and mortgage warehouse fees, up 58%.